Millions Receive Cost-Of-Living Increases

Week of January 15, 2007

Millions of veterans and eligible family members will see their disability compensation, pension, and survivors' benefits increased as the Department of Veterans Affairs (VA) provides an annual cost-of-living increase for key benefits. "We want all veterans with disabilities related to the defense of our country to receive the benefits they have earned," said Secretary of Veterans Affairs Jim Nicholson. "With this increase, we ensure their payments keep pace with the cost of living." A recent law signed by President Bush provides a 3.3 percent increase in disability compensation and survivors' benefits. Eligible veterans and family members will see this increase starting in their January 2007 checks.

To learn more about COLA, visit the Military.com Benefits Channel.