The potential pay increase would be the highest cost of living adjustment since 1981.
The Department of Veterans Affairs has an annual cost-of-living pay adjustment, which is usually tied to the Social Security change rate, according to
“For a veteran receiving about $1,500 in monthly payouts, that level of increase would mean about $130 extra each month,” according to theVeteran benefits don’t automatically reflect increases based on Social Security percentages — it’s also tied to legislation. “We have a responsibility to ensure veterans’ benefits are keeping pace with a changing economy,” said
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