Days after the Veterans’ Compensation Cost-of-Living Adjustment Act of 2022 was signed, it was announced that veterans and military retirees can expect will see an increase in their disability compensation to match the 8.7% increase in Social Security benefits next year.
According to an article published by Stars and Stripes, “The cost-of living adjustment — the largest in more than 40 years — means the average recipient will receive more than $140 extra a month beginning in January…If a veteran with no dependents has a disability rating of 60%, that person’s monthly compensation from the VA is about $1,214 and could increase by about $105.”
Related pagess: Veterans Disability, Social Security Disability