Annual Compensation Benefits Increase

Veterans Benefits Administration sent this bulletin at 12/22/2022 10:00 AM EST

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Veterans Benefits Administration

VA has increased compensation rates for Veterans and beneficiaries

VA Benefit Payment Rates Increase

The Cost-of-Living Adjustment (COLA) for VA disability compensation benefits programs became effective on December 1, 2022. The 8.7% COLA increase is for the calendar year 2023.

Veterans and beneficiaries receiving VA disability compensation will notice an increase in their monthly payments, starting January 1, 2023. This annual increase impacts disability benefits, clothing allowance, Dependency and Indemnity Compensation (DIC), as well as other VA assistance programs. If you do not see a difference in the amount, you should contact the VA regional office near you.

To ask questions about applying for VA disability benefits or appealing a VA decision, reach out to a VA-accredited representative today.

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