2024 Cost Of Living Increase Veterans. This act requires the department of veterans affairs (va) to increase the amounts payable for wartime disability compensation, additional compensation for dependents, the. The senator’s veterans’ cola act will increase certain va benefits including disability compensation, clothing allowances, and dependency and indemnity compensation.

The senator’s veterans’ cola act will increase certain va benefits including disability compensation, clothing allowances, and dependency and indemnity compensation. Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual cost of living adjustment (cola) due to inflation.