VA Compensation to Increase
On June 14, the Veterans Compensation Cost-of-Living Adjustment (COLA) Act of 2023 was signed into effect. Veterans and dependents can expect to see an increase in disability benefits, clothing allowances, and dependency and indemnity compensation (DIC) payments adjusted for inflation.
The amount of the increase will be based on inflation calculations published by the Social Security Administration at the beginning of the fiscal year, which is October 1. Veterans can expect to see increased amounts with their January 2024 payments.
This update is from Qualified Listeners, a Colorado-based Veteran & Family Resource Hub. For information on how we serve the Veteran Community, please visit www.QualifiedListeners.org or call 720-600-0860.
