Va Compensation Dates 2021

VAs 2021 payment schedule determines the dates on which a veterans monthly VA disability compensation payments are received.

Va compensation dates 2021. 2021 VA Disability Payment Schedule. Generally the VA announces the cost-of-living adjustment COLA for the year each October at the beginning of the federal fiscal year. Use our compensation benefits rate tables to find your monthly payment amount. The 2021 VA Disability Compensation Rates are effective as of Dec.

If there is a COLA increase in 2021 the new 2021 VA disability rates will be effective December 1 2020 and disabled veterans will see the new increase which VA Claims Insider projects to be a 11 increase on their January 1 2021 VA compensation payment. If the first business day occurs on a non-business day weekend or a holiday VA benefits will be paid on the last business day prior to the first of the month. Tuesday March 16 2021 900 am. Effective dates can vary based on the type of benefit and the circumstances of the claim.

For example the January 2021 VA disability compensation payment will be paid on Monday February 1st 2021 which is the first business day of the following month February which happens to fall on a Monday. Importantly VA disability compensation rates will increase due to the 2021 cost-of-living adjustment COLA. Month Payment Date Day of Week. See the 2021 VA disability rates or find out if disability rates will increase in 2022.

Find the 2021 special monthly compensation rates that may apply to you. 2021 VA disability pay rates which are effective beginning December 1 2020 have increased by 13 based on the latest cost-of-living adjustment COLA. 2 that a virtual meeting of the Advisory Committee on Disability Compensation the Committee will begin and end as follows. There was a 13 increase from 2020 following a 16 increase from 2019.

For 2021 the VA has already announced that the COLA is increasing payment benefits by 13. However the increase will not go into effect until December 1 2020. Eastern Standard Time EST. When VA makes a determination that a compensation award is to be paid based on a claim an effective date is also assigned.

View 2021 Veterans disability compensation rates. The adjustment then takes effect in December. The rate is slightly lower this year due to less inflation as a side effect of the pandemic. If you receive VA disability pay you will notice the increased amount in your first check which you should receive in January 2021.

VA payment benefits are are paid the first business day of the following month. How Effective Dates are Assigned. The effective date determines when benefits are payable. The Department of Veterans Affairs VA gives notice under the Federal Advisory Committee Act 5 USC.