Col Increase For Those On Disability

[boomer2]

Check article, Looks like we will get a Cost of living increase. But probably not on SS

http://www.military.com/military-report/house-passes-benefits-legislation.html?ESRC=mr0803.nl

[Carl the Engineer]

Any guess how much?, so I can start spending it ahead of time, like I usually do!!!

Hamslice

[TexasMarine]

The current Consumer Price Index (CPI) has been in a downward trend since the beginning of the year.

http://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp

similar to what we saw in 2009, which lead to a stagnation in COLA for 3 years.

The 2016 VA disability rates will be known by the middle to end of October, 2015 right after the September Consumer Price Index is released.

Read more: http://militarybenefits.info/va-disability-rates/#ixzz3hqby2zzs

[broncovet]

ITS unclear this is JUST a COLA, noting the "period" between the sentences. I could not find the legislation they are referring to.

The U.S. House of Representatives has approved legislation that would increase rates of benefit compensation for veterans with disabilities caused by their military service. Cost-of-living adjustments for veterans' disability benefits must be approved by Congress each year. Another provision based from legislation authored by Rep. Lee Zeldin (R-N.Y.), would require the VA to pay any accrued benefits to a deceased veteran's estate. The VA currently pays accrued benefits to a deceased veteran's family members, such as spouses or dependent children. But the VA keeps the benefit payments if the veteran dies without surviving qualifying family members.

[Vync]

Here is a related link, but it does not go into details:

http://thehill.com/blogs/floor-action/house/249472-house-passes-cost-of-living-adjustment-for-veterans-benefits

[Buck52]

I'm not sure but its probably less than last year,

I would hope they do another tax exemption like sales tax on anything we buy.

The property tax ex was great, things that help the veteran and his family.

However it don't help the veterans that don't own their home!

so if its a cola raise why not at least 10%, don't get me wrong every little bit helps its better than nothing...but if the cola raise is not keeping up with inflation then I'd rather have a Tax exemption.

jmo

.................Buck

Edited August 4, 2015 by Buck52

[iceturkee]

my understanding is that this is the same as the social security cola increase. the va one has to be approved by congress while the ssa is automatic. r so i think i read. this is not any additionaal monies.