Disability Law Firm

Cost of Living Adjustment for Service-Connected VA Benefits

Posted by Dan McAuliffe on Mar 24, 2018 12:24:30 PM
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On February 15, the VA published a COLA adjustment notice in the Federal Register. The VA is required to notify Veterans of COLA VA cost of living increase Copyright: <a href='https://www.123rf.com/profile_chrisdorney'>chrisdorney / 123RF Stock Photo</a>adjustments by the Veterans’ Compensation Cost-of-Living Adjustment Act of 2017, P.L. 115–75. The law requires an increase in rates when the Social Security Administration increases benefit amounts payable under title II of the Social Security Act. The Social Security Administration announced a two-percent cost-of-living increase in benefits for 2018. The following rates for VA’s compensation program became effective on December 1, 2017:

Disability Percentage: Monthly Disability Compensation

10 .......................................... $136.24

20 .......................................... 269.30

30 .......................................... 417.15

40 .......................................... 600.90

50 .......................................... 855.41

60 .......................................... 1,083.52

70 .......................................... 1,365.48

80 .......................................... 1,587.25

90 .......................................... 1,783.68

100 ........................................ 2,973.86

(38 U.S.C. 1114(k) through

(t)):

38 U.S.C. 1114(k) ............. 105.61

38 U.S.C. 1114(l) .............. 3,700.43

Disability evaluation percent Monthly rate

38 U.S.C. 1114(m) ............ 4,083.79

38 U.S.C. 1114(n) ............. 4,645.60

38 U.S.C. 1114(o) ............. 5,192.65

38 U.S.C. 1114(p) ............. 5,192.65

38 U.S.C. 1114(r) .............. 2,227.23;

3,318.14

38 U.S.C. 1114(s) ............. 3,328.70

38 U.S.C. 1114(t) .............. 3,318.14

Additional Compensation for Dependents

[38 U.S.C. 1115(1)]

38 U.S.C. 1115(1):

38 U.S.C. 1115(1)(A) ........ $165.81

38 U.S.C. 1115(1)(B) ........ 287.24; 82.38

38 U.S.C. 1115(1)(C) ........ 110.89; 82.38

38 U.S.C. 1115(1)(D) ........ 133.06

38 U.S.C. 1115(1)(E) ........ 317.87

38 U.S.C. 1115(1)(F) ........ 266.13

Clothing Allowance

[38 U.S.C. 1162] ……………$795.21 per year.

At WSM Law, we also serve service disabled Veterans seeking to obtain or increase VA disability benefits through our partner practice, the Rocky Mountain Disability Law Group, https://rmdlg.com/.

To read the entire notice go to: https://www.gpo.gov/fdsys/pkg/FR-2018-02-15/pdf/2018-03154.pdf.

Topics: Social Security Law, Estate Planning, VA benefits

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