Va Compensation Pay Days

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.

Va compensation pay days. There was a 13 increase from 2020 following a 16 increase from 2019. We base your monthly payment amount on your disability rating and details about your dependent family members. When the first business day of the month falls on a non-business day or a holiday VA benefits will be paid on the last business day of the preceding month. To apply for SMC if you are housebound or required the aid and attendance of someone to perform daily living functions complete VA Form 21-2680 and mail it to your nearest VA regional office.

When the first business day of the following month is a holiday then the VA will make the direct deposit on the last business day of the preceding month. Compensation rates for Veterans with a 10 to 20 disability rating. If your decision notice shows at least a 10 disability rating youll get your first payment within 15 days. VA maintains that veterans should receive VA back pay within 15 days of the decision granting the retroactive benefits either through direct deposit or a check.

See our VA disability pay chart for dependent rates. And just when are those payment dates. However when the first business day of the month falls on a non-business day or a holiday VA compensation benefits will be paid on the last business day prior to the first of the month. If you dont get a payment within 15 days please call the Veterans Help Line at 800-827-1000.

See the 2021 VA disability rates or find out if disability rates will increase in 2022. However it is not uncommon for VA to take several months to issue back pay and retroactive benefits. Please fill out this form sign it have your unit commander or commanders designee sign it and return it to one of the 3 addresses listed on page 3. Special Monthly Compensation VA will automatically award special monthly compensation if your disability qualifies.

Use our compensation benefits rate tables to find your monthly payment amount. One of these must be true. You spent more than 21 days in a VA hospital or other approved hospital for a service-connected disability or You were under hospital observation for more than 21 days at our expense for a service-connected disability. You may be eligible for disability benefits if you meet one of the requirements listed below.

For example the January 2020 VA disability compensation payment will be paid on January 31 2020 which is the last business day prior to the first of the next month February. If you receive VA disability pay you will notice the increased amount in your first check which you should receive in January 2021. The increase is usually announced during the month of October and then take effect in December. That is the VA pays out benefits for each month on the first business day of the following month.

So if your VA disability compensation were 300 a month each day of VA disability compensation is worth 10. Remember each day counts as 0th of a months rate. If you have 63 days of military pay and waive your VA compensation you would have 630 withheld 300 in each of the first two months then 30 from the next month. That included 48 armory drills or training sessions and 15 days of active training.

Importantly VA disability compensation rates typically increase each year as a result of a cost-of-living adjustment COLA set by Congress. Because of another section in the same rulebook that explains that federal law found in 10 United States Code 12316 and elsewhere prohibit double dipping or the concurrent receipt of drill pay and Department of Veterans Affairs VA disability compensation or pension according to VAgov. Normally the VA pays out benefits by direct deposit each month in arrears. VA payment benefits are are paid the first business day of the following month.