Va Employee Cost Of Living Increase 2024. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023. Veterans and beneficiaries who receive va compensation benefits will see an 8.7% increase in their monthly payments—the largest increase in over 30 years.
So for the recently approved cola increase, va disability benefits recipients can expect to see an increase in january 2024. Therefore, this will lead to a significant increase in 2023 va disability rates and.