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  • Can a 100 percent Disabled Veteran Work and Earn an Income?

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    You’ve just been rated 100% disabled by the Veterans Affairs. After the excitement of finally having the rating you deserve wears off, you start asking questions. One of the first questions that you might ask is this: It’s a legitimate question – rare is the Veteran that finds themselves sitting on the couch eating bon-bons … Continue reading

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2021 COLA: 1.3%


broncovet

Question

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According to the BLS website:

https://www.bls.gov/news.release/cpi.htm

Scroll down (for the CPI-W):

Quote



The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) 
 increased 1.5 percent over the last 12 months to an index level of 254.004 
 (1982-84=100). For the month, the index rose 0.2 percent prior to seasonal 
 adjustment.  

While I am quoting from the BLS website, regard this as an estimate only, the official one will follow.  Therefore, my estimate is between 1.4% and 1.6%, with 1.5 percent the most likely Cola. 

For a SINGLE 100 percent Veteran, no dependents, this amounts to a raise of $46.59 per month increase to $3152.63 .  

Social Security recipients will also be the same:  1.5%, but, as was pointed out, our medicare premiums will go up, so we will see "less" increase in our social security checks, probably. 

Edited by broncovet
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Just got the notice from Social Security.  1.3

Social Security benefits and Supplemental Security Income (SSI) payments for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today.

 

VA usually play along.

Hamslice

 

 

Edited by Hamslice
cause I can
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It's 1.3%

1 hour ago, brokensoldier244th said:

How about 4 dependents SMC s and SMC k? Does the rate apply too the whole or does each category go up 1.5?

It's actually gonna be 1.3% according to the SSA website. And yes, it would be an across the board increase on dependents and SMC.  

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