2023 VA Disability Pay Rates and Cost of Living Adjustment
cck-law.com › blog › 2023-va-disability-pay-ratesAug 23, 2022 · COLA and VA Disability Rates Over Time 2020 COLA. The 2020 1.6 percent COLA increase led to a small jump in veterans’ benefits. The 2020 VA compensation rates went into effect on December 1, 2019 and veterans received their newly adjusted benefits starting December 31 of the same year. 2021 COLA. In 2021, the COLA increase was 1.3 percent, slightly less than the previous year. This lower rate was due, in part, to the impact of the COVID-19 pandemic on economies worldwide.
Cost-of-Living Adjustment (COLA) Information | SSA
www.ssa.gov › colaSocial Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 8.7 percent in 2023. The 8.7 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 65 million Social Security beneficiaries in January 2023. Increased payments to more than 7 million SSI beneficiaries will begin on December 30, 2022.
2022 VA Disability Pay Chart and Compensation Rates: Cost-of ...
cck-law.com › blog › 2022-va-disability-pay-chartJul 10, 2021 · COLA and VA Disability Rates Over Time 2020 COLA. The 2020 1.6 percent COLA increase led to a small jump in veterans’ benefits. The 2020 VA compensation rates went into effect on December 1, 2019 and veterans received their newly adjusted benefits on December 31 of the same year. 2021 COLA. In 2021, the COLA increase was 1.3 percent, slightly less than the previous year. This lower rate was due, in part, to the impact of the COVID-19 pandemic on economies worldwide.