COLA Approved for 2017
Monday, October 24, 2016
Posted by: Marie McRae
Injured and ill veterans their dependents and survivors in receipt
of VA compensation benefits will receive a 0.3% Cost of Living
Adjustment (COLA) increase beginning January 1, 2017.
On July 22, 2016, H.R. 5588, the Veterans’ Compensation COLA
Act of 2016, was signed into law by the President and became
Public Law 114-197. The bill did not contain the contested round-
down provision, which would have resulted in compensation rates
being rounded down to the nearest whole dollar. Instead, VA
compensation beneficiaries will receive their full COLA.
On October 19, 2016, the Social Security Administration
announced that Social Security beneficiaries would receive a
0.3% COLA increase. Because veterans COLAs are tied to Social
Security adjustments, veterans compensation rates will increase
by 0.3% effective December 2016 and will be realized in
compensation payments beginning January 1, 2017.
At our August 2016 National Convention, DAV members adopted
Resolution No. 013, which calls on Congress to support
legislation to provide more realistic COLAs. DAV appreciates the
COLA increase for 2017, but we will continue to press Congress
for COLA increases that better reflect and keep pace with
increased living expenses and are in line with the hardships and
unique circumstances of our nation’s injured and ill veterans, their
dependents and survivors.