Veterans 2024 Pay Raise Increase

Veterans 2024 Pay Raise Increase. Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual cost of living adjustment (cola) due to inflation. The 2024 cola increase will increase the amount of monthly compensation veterans receive for a disability rating.

For social security recipients, the increase will mean about an extra $50 per month for the average beneficiary, according to the administration. Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual cost of living adjustment (cola) due to inflation.