COLA Act 2022

DAV Supports S. 4223 and H.R. 7846, the Veterans’ Compensation Cost-of-Living Adjustment (COLA) Act of 2022. The Veterans’ Compensation COLA Act would increase compensation rates for Department of Veterans Affairs benefits, including clothing allowance, and dependency and indemnity benefits paid to survivors and families of service members who died in the line of duty or suffer from a service-related injury or disease. These bills would increase compensation rates based on the same percentage that Social Security benefits are increased for 2023. If passed, these rates would be effective December 1, 2022, and most importantly, would be realized in compensation benefits paid on January 1, 2023. Consistent with DAV Resolution No. 070, we support S. 4223 and H.R. 7846. With inflation reaching a 40-year high, we must ensure that veterans’ benefits keep pace for the many veterans and survivors who are on fixed incomes and largely rely on their compensation payments.  Please contact your Senators and Representative and urge them to co-sponsor and support S. 4223 and H.R. 7846. Thank you for standing with DAV to provide a cost-of-living increase for our nation’s service disabled veterans, their families and survivors.
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