Today, the Department of Defense announced annual cost-of-living adjustments that will benefit veterans and survivors in calendar year 2021.Most veterans will receive 1.3% increase in retirement salary from salary received on December 31, 2020.

What is the salary increase for military retirees in 2021?

The 2021 Cost of Living Adjustment (COLA) increased for the 70 million Americans who depend on Social Security, Veterans Disability, Military Retirement and other government benefits 1.3%.

Will Veterans Benefits Increase in 2021?

In 2021, COLA will increase by 1.3%, slightly lower than the previous year. This lower ratio is partly due to the impact of the COVID-19 pandemic on the global economy. …Veterans will continue to receive 2021 VA benefits until the 2022 COLA rate goes into effect this December.

Will Retired Veterans Get a Raise?

Veterans and disabled veterans can see By 2022, their monthly checks will increase by hundreds of dollars per month, the largest increase since 1983. …if there is an increase, retirees and many others who receive government benefits will see their monthly payments increase for the coming year.

2022 Virginia disability rate: Big pay rise expected

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