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Disabled veterans are eligible to receive an increase in their benefits next year. The Veterans' Compensation COLA Act of 2016 directs the Department of Veterans Affairs to increase, as of Dec. 1, the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses. The amount of the increase will be equivalent to the increase provided under Title II of the Social Security Act. The precise amount of the adjustment will not be known until the end of the calendar year.
For more on veteran benefits, visit the Military.com Benefits Center.