Stay on Top of Your Veteran Benefits - Disabled Vets to See Biggest Raise Since 2012
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Veterans with the highest ratings will see an almost $100 bump in disability pay each month starting in 2019, the largest increase since 2012. That 2.8 percent cost-of-living adjustment (COLA), which kicks in Jan. 1, was made official Monday by the Department of Veterans Affairs. Military retirement, other VA disability benefits, Social Security and federal civilian retirement will see that same increase.
For veterans with a 10 percent disability rating, that bump brings monthly compensation from $136.24 to $140.05 each month, while a veteran entitled to 100 percent disability will go from $2,973.86 to $3,057.13 monthly.
Veterans with a 30 percent disability ranking or higher are entitled to greater amounts if they have dependents. A 100 percent-disabled veteran with spouse and two children will see their monthly payment increase to $3,437.10. Veterans can also get increased payments if they have a child over 18 attending school, or if they have a disabled spouse.
All disability benefits are tax-free.
FOR MORE INFORMATION GO TO:
Terrence Williams, USAF (Ret)
Armed Services and Veterans Affairs Commi