Va Benefits 2024 Increase Chart. The va has announced a 5.9% increase in disability compensation and pension benefits, effective august 1, 2024. The latest cost of living adjustment (cola) for va disability benefits took effect on december 1, 2023.

This increase is lower than in recent years—5.9 percent in 2022 and 8.7 percent in 2023—but above the average over the past 20 years of 2.6 percent. The 2024 va disability pay chart table shows a 3.2% cola adjustment, boosting monthly compensation rates for vets.