VA Disability, Benefits Checks to Increase 1.5 Percent

Photo courtesy of VA.gov

Photo courtesy of VA.gov

Veterans, their dependents and survivors will receive a 1.5 percent cost-of-living increase in their disability and benefits compensation checks starting Jan. 1, 2014 according to a release from the Department of Veterans Affairs.

“We’re pleased there will be another cost-of-living increase for Veterans, their families and their survivors,” Secretary of Veterans Affairs Eric K. Shinseki stated in a news release. “The increase expresses in a tangible way our Nation’s gratitude for the sacrifices made by our service-disabled and wartime Veterans.”

In fiscal year 2013, VA provided over $59 billion in compensation benefits to nearly 4 million Veterans and survivors, and over $5 billion in pension benefits to more than 515,000 Veterans and survivors.

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