BONUS-FOR THE VETERAN OF THE VETERAN SHARE OF THE DAY
VA disability rates 2021 were released on October 13, 2020, with the implementation of the Social Security Administration’s announcement of a 1.3% Cost of Living Adjustment (COLA) for 2021.
[BREAKING NEWS!] Veterans are getting a 1.3% VA disability pay increase for CY 2021.
The Department of Veterans Affairs (VA) adjusts veteran’s monthly disability compensation amounts based on the yearly change in the cost of living as determined by the Social Security Administration (final COLA adjustment of 1.3% in 2021 was based on the Bureau of Labor Statistics (BLS) report of September 2020 inflation data).
Now I’ve probably got you wondering, “Will veteran’s get a VA disability pay increase in 2021?”
Yes! Veterans will get a 1.3% VA disability pay increase for CY 2021.
The 1.3% COLA increase was small due to low inflation and the impact of the COVID-19 pandemic on the economy.
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