In January 2022, veterans will see an increase in their benefits after the VA pay increase takes effect on December 1, 2021.
The cost-of-living adjustment (COLA) for 2022 is 5.9 percent, according to a recent announcement by the Department of Veterans Affairs. This will result in an increase in VA disability rates and monthly compensation for veterans next year.
VA disability payments in 2022 can be estimated using 2021 compensation rates. Multiply the 5.9 percent 2022 COLA by the 2021 compensation rate, and then add that number to the rate. This is your VA payment for 2022.
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