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118-hr-7777118th CongressWALLET

Veterans’ Compensation Cost-of-Living Adjustment Act of 2024

Sponsored By: Representative Luttrell, Morgan [R-TX-8]

Became Law

Summary

Ties veterans' compensation and survivor benefits to the Social Security cost-of-living adjustment (COLA). This law raises key VA benefit dollar amounts effective December 1, 2024, by the same percentage as the SSA Title II COLA.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

VA disability and survivor checks increase

Beginning December 1, 2024, VA disability pay, survivor benefits, extra pay for dependents, and the clothing allowance go up. Each payment rises by the same percentage as the Social Security cost-of-living increase that takes effect December 1, 2024. The change applies to the rates in effect on November 30, 2024. VA may make matching adjustments for some older disability cases not paid under today’s compensation program. VA must publish the new rates by the same deadline as Social Security’s COLA publication for 2025.

Sponsors & CoSponsors

Sponsor

Luttrell, Morgan [R-TX-8]

TX • R

Cosponsors

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 3/21/2024

Roll Call Votes

No roll call votes available for this bill.

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