For veterans: Disabled, retired vets' checks will rise 5.9% in 2022 to meet inflation
In 2022, veterans who receive Veterans Administration disability compensation will see a sizable increase in Veterans Administration compensation checks.
VA disability compensation is a monthly tax-free monetary benefit paid to veterans due to their service-connected disabilities; it compensates veterans for their decreased quality of life or adverse effects on their ability to work.
According to the VA, the cost of living adjustment for 2022 will be 5.9%. This year's increase is the highest cost of living adjustment since 1983, when the VA increased rates by 7.4%.
Some examples of VA disability compensation increases:
For a 10% disabled veteran, they would see their VA compensation go from $144.14 to $152.64, and a 50% disabled veteran would see their VA compensation go from $905.04 to $985.43.
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In addition to VA disability recipients, the folks who receive the following benefits will also see the 5.9% increase for their 2022 payments:
Military retirees.
Veterans who receive VA disability.
Veterans or surviving spouses who receive a VA pension.
Surviving spouses and children who receive dependency and indemnity compensation (DIC).
Social Security recipients.
Federal civilian retirees.
Supplemental Security Income.
Social Security Disability Insurance.
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If you need assistance filing a VA disability claim or if you have questions about federal, state, or local veterans benefits, please reach out to my office: Steven Miller, Monroe County veteran service officer, 812-349-2537 or smiller@co.monroe.in.us.
This article originally appeared on The Herald-Times: For veterans: Disabled vets' checks will rise 5.9% in 2022 to meet inflation
