Important COLA Announcement
By USVCP Staff Writers
September 28, 2019
Looks as if all disabled veterans will see an increase in their cost of living allowance (COLA) in December 2019. The increase proposed is slightly less than last year’s increase.
President Donald Trump recently signed into law the Veterans Compensation Cost-of-Living Adjustment Act introduced by Senators Johnny Isakson, R-Georgia, and Jon Tester, D-Montana, chairman and ranking member of the Senate Committee on Veterans Affairs.
The Bill, increases the amount of Department of Veterans Affairs (VA) disability compensation, dependent compensation for Gold Star families and the clothing allowance for all eligible veterans.
H.R. 1200 would increase the amounts paid to veterans for disability compensation and to their survivors for dependency and indemnity compensation by the same COLA that recipients of Social Security receive in 2020.
The COLA for veterans matches the increases to Social Security recipients and is decided by the Bureau of Labor Statistics' Consumer Price Index annually. In 2019, the cost-of-living adjustment (COLA) for Social Security was a 2.8 percent increase. The official COLA announcement for 2020 won't be made law until October 2019 but is expected to be lower, and closer to 1.6 percent.
The COLA increase goes into effect December 1, 2019 and veterans should see the change in January 2020.
Robert Garcia, 10/16/19
Maybe if they stop wasting money on investigating every time the president farts there would be some money in the kitty.
Bernard Shorts, 10/11/19
Wow My Fellow Vets! You see how much they appreciate us. From 2.8 all away down to 1.6. Thanks for showing us how much you care Mr. President.
Robert Primeaux, 10/1/19
What about state property taxes, I'm 100% service connected permanent and total disabled. 1.6% increase big friggen deal. Trump is literally taking our money for that insane wall. I was in a combat unit in Vietnam in 1969-70 and it took my 18 years to get my disability after I spent 3 weeks in a coma in March on 1971 while stationed at Fort Snelling, MN. Cost of living does not go down every year it goes up, but our increase goes down. Don't make sense, Trump keep your promise to us as Disabled Vets.
Michael Jackson, 9/29/19
Donald Trump does it again!!! Thank you Mr. Commander in Chief.
Frank Casares, 9/29/19
Great. Good job every little bit helps.
Clarence Tyler, 9/29/19
One question and one question only. Why is it LOWER than the Last Cola. THE COST OF LIVING HAS NOT GOWN DOWN! Sound like a mismanagement of money in Washington. Lol!
Thomas Reed, 9/29/19
Horrible increase!!! We should have each & every person Acc't adjusted with a interest payment! Calculated to our date of retirement annd then re- imbursed. What years of funds just sat around and no one!!! invested it? Bullxxxx !