Will Veterans Get A Pay Raise In 2024. Military retirees and disabled veterans will receive 2.5% increases to their monthly paychecks for 2025, thanks to the annual cost of living adjustment, or cola, tied to inflation. Based on the timeline of previous years, ssa is expected to announce its 2024 cola early in the next fiscal year, which begins on oct.
Effective today, disabled veterans will see a 3.2% increase in their va disability pay starting in january 2024. Based on the timeline of previous years, ssa is expected to announce its 2024 cola early in the next fiscal year, which begins on oct.