VA Compensation, Pension Rates Increase

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The nation’s more than 3 million service-disabled veterans and their survivors received a 1.7 percent increase in monthly compensation beginning in January.

The increase in disability compensation, dependency and indemnity compensation and pensions for 2012 matches the cost-of-living adjustment (COLA ) in Social Security benefits, but is rounded down to the next lower whole-dollar amount.

In addition to veterans receiving compensation for disabilities incurred or made worse during their military service, the COLA applies to wartime veterans who are totally disabled from civilian-life causes and who receive a pension under an income-based program.

The increase also applies to survivors of veterans who died in service or from a service-connected condition and those who are served by an incomebased program for survivors of wartime veterans.