If you or someone you know is in receipt of benefits from the Department of Veterans Affairs (VA), you may see an increase in benefits in 2017. A cost-of-living adjustment (COLA) has been made to these benefits to ensure the purchasing power is not eroded by inflation. The COLA to VA’s disability rates is the same percentage as for Social Security as required by Public Law 114-197.
For 2016, it was determined there was a 0.3% increase in the inflation rate based on the Consumer Price Index. Therefore, the COLA for 2017 is 0.3%. The adjustment to your benefits will occur in December and will be distributed on Friday, December 30, 2016. You may view your VA payments on eBenefits.
We encourage you to share this email with a friend. We have provided additional information on the adjustment below:
VA Compensation Benefit Rate Tables – rate for the following benefit types:
- Veterans Compensation Benefits
- Special Monthly Compensation
- Dependency Indemnity Compensation (DIC)
- Parents DIC
- Automobile Allowance, Clothing Allowance and Medal of Honor
- Birth Defects
Veterans Benefits Administration
Any questions please contact the DAV Benefit office at 612-970-5665