Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012

Posted by on Nov 13, 2017 in Blog | Comments Off on Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012

Source:  Military.com | 13 Oct 2017 | 


Military retirees and those who receive disability checks and some other types of pay from the Department of Veterans Affairs will see a 2 percent pay raise in their monthly paychecks in 2018.

It is the biggest cost of living (COLA) increase since 2012, equaling as much as $310 a month for those at the top of the retirement pay charts.

Many Monthly Benefits Going Up

Thanks to the increase, the average military retirement check for an E-7 with 20 years of service will go up by $46 a month, while an O-5 with the same time in uniform will see an $88 monthly increase.

Disabled veterans will also see a bump, with the average VA disability checkgoing up about $3 per month for those with a 10 percent rating, and $58 for those rated at 100 percent.

Other users, including Survivor Benefit Plan beneficiaries and those who draw Dependency and Indemnity Compensation (DIC), can also expect to benefit from the bump.

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