The associated fee-of-living adjustment (COLA) for veterans with service-connected disabilities is a yearly enhance in compensation that’s designed to assist offset the rising value of residing. The COLA relies on the Client Worth Index for City Wage Earners and Clerical Staff (CPI-W), which is a measure of the common change in costs for items and providers bought by wage earners and clerical staff. The COLA is introduced every year by the Division of Veterans Affairs (VA) and is efficient as of December 1.
The COLA is a vital profit for veterans with service-connected disabilities as a result of it helps to make sure that they will keep their lifestyle regardless of the rising value of residing. The COLA has additionally been proven to have a optimistic affect on the well being and well-being of veterans with service-connected disabilities.