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News & Press: Benefits

COLA Approved for 2017

Monday, October 24, 2016   (9 Comments)
Posted by: Marie McRae
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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.

Comments...

Christine Bishop says...
Posted Monday, January 23, 2017
This seams like a bad dream 0.3% COLA
Sandra Melton says...
Posted Tuesday, January 3, 2017
I am very disappointed, both with this insult of an increase, AND with the inaction of Congress to finally do right by widows in eliminating the Widows tax. This organization has been unable to correct this situation over many years. WHY can't they pressure Congress to pay the SBP annuity that the government promised, and the Veterans paid for IN FULL? A full court press MUST be made and soon.
Nancy Likely Shipes says...
Posted Thursday, December 8, 2016
Is the increase really .3%? or is it 3%. If it's .3%, then that's an increase of a whopping $3.76. I'm asking this question seriously, as I'm trying to budget for 2017 and already have to deal with all the extra cost of losing ChampVA as primary and having to pay for Medicare. $3.76 increase per month? Seriously?
Marie Drebert says...
Posted Sunday, November 27, 2016
I feel that COLA is too small as we all know the cost of living keeps going up. I sure would like to see Congress and their families live on such a small raise.
Linda Hinzman says...
Posted Saturday, November 26, 2016
shameful increase, the cost of everything keeps going up & we get nothing to keep up with this at all. Congress should be ashamed of themselves at the raises they give themselves & yet do not take care of the Vets that protected America & is the reason they have this country & freedom...take care of the ones who really care about America & gave their lives for it.
BETTE G. DART says...
Posted Wednesday, November 23, 2016
This is another way this country does NOT take of their veterans.
Judi Van Cleave says...
Posted Wednesday, November 23, 2016
as someone said, I can now buy a loaf of bread - shameful!
Nancy Likely Shipes says...
Posted Tuesday, November 22, 2016
I agree, this COLA is very small especially since 1.)medications have jumped so much in the last few years and 2.) there was no increase last year. It is increasingly difficult to exist on this, especially when those 65 years and older have to pay health insurance premiums (Medicare). When the casualty officer, those many years ago, told me that "The Army Takes Care of its Own," I didn't realize he meant in the Mafioso sense.
Loretta M. Jones says...
Posted Tuesday, November 22, 2016
I can't believe the COLA is so small.

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