2024 Cost Of Living Increase For Veterans. The senator’s veterans’ cola act will increase certain va benefits including disability compensation, clothing allowances, and dependency and indemnity. In actuality, publicly held debt in 2024 was $28.5 trillion, 99% of gdp.”.
The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023. The va has announced a 5.9% increase in disability compensation and pension benefits, effective august 1, 2024.