You may have noticed a small increase in your monthly veterans’ disability payment beginning in January. It’s not a mistake – it’s a countrywide change made by the Department of Veterans’ Affairs that raises all payments by 3.6 percent.
Why the change?
The bump in pay is a Cost of Living Adjustment (COLA) that makes certain veterans’ disability payments rise at the same rate as household items, goods, and services, such as food, clothing, rent, and other daily necessities. The decision to make a cost of living adjustment was made by federal officials in October and took affect in January. The next decision about 2013 COLA increases will be made in October of this year.
How will you be affected?
The cost of living increase on your veterans’ disability benefits payment might not seem like much, but it is there for a reason. The VA cost of living increase for 2012 makes certain that as gas prices and milk prices go up, you will be able to buy just as much for you and your family.
Texas veterans’ disability attorneys
Do you have a question about how to receive veterans’ disability benefits for your service-related health condition or illness? Ask the Texas disability benefits attorneys at Morgan & Weisbrod today. We can help you understand your case and secure the payments that you deserve.
by Paul B. Burkhalter Managing Partner of Morgan & Weisbrod, Board Certified in Social Security Disability Law.