The desperate need for an increase in disability compensation pay is something veterans and advocates have spoken out about for many years. In the last 12 years, the annual VA cost of living adjustments have ranged from 0.0% – 3.6%, averaging out at 1.5%. We probably don’t have to tell you that those increases have in no way adequately kept up with cost of living increases and inflation.
For 2022, the VA will increase disability compensation by 5.9%, the largest increase in a very long time! Starting on December 1, 2021, the VA will adjust the monthly compensation amounts to reflect this increase. Veterans can start collecting as of December 31, 2021.
This is great news for veterans! You can find out what your adjusted 2022 monthly payment will be by multiplying your current monthly payment by 0.059 (5.9%) and adding that amount onto your payment OR by using the 2022 updated VA monthly pay charts below.
Example: Monthly compensation is $500.00. Multiply 500 x 0.059 =29.50. Add 29.50 onto 500 = $529.50 is new 2022 monthly payment with the 5.9% increase.
Rates for Veterans with a 10-20% rating
- Remember there are no additional benefits paid for dependents (spouse or children) in this category.
Rates for Veterans with a 30-60% rating
A. For the veteran alone, OR with a dependent (spouse or parent), but no children
- Find the appropriate row based on dependents and align with the correct / current disability rating.
B. With children, and with or without other dependents
- Find the appropriate row based on dependents and align with the correct / current disability rating.
Rates for Veterans with a 70-100% rating
A. For the veteran alone, OR with a dependent (spouse or parent), but no children
- Find the appropriate row based on dependents and align with the correct / current disability rating.
B. With children, and with or without other dependents
- Find the appropriate row based on dependents and align with the correct / current disability rating.
Maximize Your Earned Benefits and Compensation
While this cost of living increase is great news, it’s also crucial to make sure you are receiving the most accurate rating and benefits you have earned and deserved. A large percentage of veterans qualify for MORE compensation and HIGHER ratings than they currently receive. Connect with a member of our team using the button below for info on our process and a free consultation. We can help determine if you may qualify for higher compensation and ratings.
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