The associated fee-of-living adjustment (COLA) for veterans with service-connected disabilities is a yearly improve in compensation that’s designed to assist offset the rising value of residing. The COLA is predicated on the Shopper Worth Index for City Wage Earners and Clerical Staff (CPI-W), which is a measure of the typical change in costs for items and companies bought by wage earners and clerical employees. The COLA is introduced annually 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’ll preserve their lifestyle regardless of the rising value of residing. The COLA has additionally been proven to have a constructive influence on the well being and well-being of veterans with service-connected disabilities.