Largest Increase in 7 Years For VA Disability Compensation
By Debbie Gregory.
The VA Disability Compensation Rates will increase 2.8 percent in 2019. This is the largest increase since 2012. These increases are tied to the Consumer Price Index (CPI), which measures a broad sampling of the cost of consumer goods and expenses. The CPI is compared to the previous year’s numbers. If there is an increase, a cost-of-living adjustment (COLA) is made. If there is no increase, there is no COLA. The COLA affects about one of every five Americans, including Social Security recipients, disabled veterans, federal retirees and retired military members. In 2018, the COLA was 2.0 percent; in 2017, retirees saw a 0.3 percent increase. There was no increase at all in 2016; the last time COLA increased by more than 2.8 percent was 2012, when compensation rates got a 3.6 percent hike.
The VA has strange computation rules that make working out the exact rates impossible. Therefore, the final amounts are not yet available but we can approximate the 2019 benefits based on the cost of living increase. These benefits are paid the first of each month for the prior month. Below is an unofficial approximation of the increases for various levels of VA Disability just for the Veteran and not including spouses or dependents:
10 percent – $140.05
20 percent – $276.84
30 percent – $428.83
40 percent – $617.73
50 percent – $879.36
60 percent – $1,113.86
70 percent – $1,403.71
80 percent – $1,631.69
90 percent – $1,833.62
100 percent – $3,057.13
We are grateful to every Veteran who served and sacrificed.