2024 Cost Of Living Increase For Veterans. Each year, the cola increase approved by the department of veterans affairs is the same as the amount approved for social security. In 2024, disabled veterans and military retirees will receive a 3.2% increase in their monthly compensation benefits from the department of veterans affairs (va).

In 2024, rates increased 3.2% to help veterans and their families access vital necessities. Use our compensation benefits rate tables to find your monthly payment amount.