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  1. Here's the 2024 Pay Raise for Vets and Military Retirees

    • For 2024, retired military members will see a $32 increase for each $1,000 of military retirementpension they receive each month. Retirees who entered military service on or after Aug. 1, 1986, and opte… See more

    VA Disability Increase

    Disabled veterans will also see their benefit payments increase in the upcoming year. VA disability checkswill go up about $5.31 per month for those with a 10% rating and $115.90 for … See more

    Military.com
    Other Federal Retirees and Beneficiaries

    Military retirees and VA beneficiaries aren't the only ones who benefit from the COLA increase. Civil Service retirees and Social Security recipients also will see the 3.2% jump in thei… See more

    Military.com
    How The Cola Is Determined

    Each year, military retirement pay, Survivor Benefit Plan annuities, VA compensation and pensions, and Social Security benefits are adjusted for the rate of inflation. The Departmen… See more

    Military.com
    Retirement and VA Disability Pay Offset

    Military retirees with combined VA disability ratings of 40% or lower whose injuries are not combat related can only receive that amount in either their retirement pension or their disabil… See more

    Military.com
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  2. 8.7%
    • According to 3 sources
    In 2023 disabled veterans and military retirees got a record pay increase for the second year in a row. After taking into account inflation, COLA rates are rising and disabled veterans and military retirees will be getting an 8.7% increase in their monthly checks on average.
    The 2023 military retiree pay raise will provide an increase of 8.7% for disabled Veterans and military retirees. This increase is a notable departure from the average of the last decade of 1.9% and even more than the 5.9% increase of 2022.
    If the 8.7% materializes for 2023, military retirees would see an average increase of more than $219 in their monthly retirement checks. Veterans receiving disability compensation from the VA also would see their monthly disability payments increase, with the average monthly amount going up by more than $136.
     
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  5. Understanding the Military Retirement Pay Boost for 2024: What …

  6. Military Retirement Pay Increase 2023: All You Need to Know

  7. WEBJun 11, 2024 · Military retirement pay and various VA benefits receive a COLA (Cost-of-Living Adjustment) increase yearly to keep pace with inflation. The COLA for 2024 is 3.2%, which includes Social Security …

  8. Largest Retiree & Veteran COLA Increase In Decades …

    WEBOct 26, 2023 · Those who draw military retirement pay or VA compensation for service-connected medical conditions will see their monthly payments increase by 8.7% in 2023. The increase is meant to offset inflation, and …

  9. Defense Department Announces Cost of Living Increase to …

  10. Retired Military & Annuitants - Defense Finance Accounting …

  11. Military retiree COLA may shrink in 2024. Here’s why that’s OK.

  12. 2023 Cost of Living Pay for Veterans and Military Retirees

  13. 2024 COLA Update: 3.2% Raise for Military Retirees and …

  14. Attention Veterans! Here’s Your 2023 Military Retiree Pay Raise

  15. OMB: Prepare for 3% federal pay raise - Federal News Network

  16. Military households better prepared overall for retirement, study …

  17. We're Closer to Nailing Down 2025's Social Security COLA. But …

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  19. Armed Forces awarded largest pay increase in decades to 'renew …