WASHINGTON – January 24, 2012 - Veterans, their families, and survivors receiving benefits from the Department of Veterans Affairs saw a 3.6 percent increase in their compensation and pension benefits beginning January 1.“Veterans, their families and their survivors are entitled to benefits that keep pace with the cost of living,” said Secretary of Veterans Affairs Eric K. Shinseki. “VA is also using the latest technology to provide Veterans and their families with access to current information about their benefits.”
The new compensation rates will range from $127 monthly for a disability rated at 10 percent to $2,769 monthly for 100 percent. The cost of living adjustments (COLAs) also apply to disability and death pension recipients, survivors receiving Dependency and Indemnity Compensation, disabled Veterans receiving automobile and clothing allowances, and other benefits. The full rates are available on the Internet Here.
Under federal law, COLAs for VA’s compensation and pension rates are the same percentage as for Social Security benefits. The last COLA for VA benefits was in 2008 when the last Social Security increase occurred.
“Veterans receiving VA disability and pension payments can now check their new 2012 COLA increase online,” said Under Secretary for Benefits Allison A. Hickey. “I encourage all Veterans, their dependents and survivors to sign up for eBenefits, VA’s popular website that recently crossed the one million mark in registrations.” read more>>>
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