A new law guarantees Veterans will receive a cost-of-living adjustment to VA compensation that is equal to the COLA applied to Social Security benefits.
VA is increasing compensation payment rates based on the latest cost-of-living adjustment (COLA) announcement. Beginning Jan. 1, 2023, Veterans and beneficiaries who receive VA compensation benefits will see an 8.7% increase in their monthly payments -- the largest increase in over 30 years.
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