"VA Expands Benefits for Veterans, Including Retroactive Toxic Exposure Enrollment"
President Joe Biden signed the Veterans Compensation Cost-of-Living Adjustment (COLA) Act of 2023, guaranteeing a cost-of-living adjustment for Veterans benefits in 2024. The adjustment will be equal to the COLA applied to Social Security benefits, based on the Consumer Price Index (CPI). The exact amount is yet to be determined, but it will affect VA benefits such as disability compensation, clothing allowance, and dependency and indemnity compensation (DIC) for spouses and children. The adjustment is expected to be announced by the Social Security Administration in October 2023, with new payment amounts starting in January 2024.