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Following the example set by the Social Security Administration, the US Department of Veterans Affairs has implemented a 2% cost of living adjustment (“COLA”) for 2018 for service connected disability benefits. Under this change, monthly payments for a veteran without dependents rated at 100% will be $2,973.86. Changes for all rating levels can be viewed at this link. Although the 2018 COLA was published in the Federal Register on February 18, the rate changes are effective December 1, 2017.
