COLA for 2022 benefits payments

Received the annual letter from the VA for the new payment amount for the upcoming year.

New payment amount calculates at 1.3%, same as last year, not the 5.9% that is being touted as the SS and VA COLA amounts.

Wondering if it's a 'general error' and all these notifications went out the same way?

I'm thinking (hoping) there will be a correction letter to follow, as there is a fairly significant $ value of non taxable $ involved here.

Any input?

 

Is this for VA Disability Compensation?


Edit: if so, it looks like it’s a 5.9% increase. My payment for 2022 is up 5.9% compare to 2021. I also received no letter regarding a payment change or anything.

 

I'm wondering the same thing myself but I'm thinking it is. There is supposed to be to a compensation adjustment for the VA's FY 2022 according to their chart, and those receiving compensation are supposed to get some $100 more (off the top of my head so I could be wrong here) monthly.

By the way. That's a beautiful pup!

 

Yes. In a nutshell......

Wife's deceased 1st husband was 100% disabled. She has a lifetime survivor benefit.

He passed in '06, and the annual VA amount has matched the announced SS COLA for those 15 years.

 

It looks like that too, I got a 5.9% increase. I wonder if the letter referenced by OP was sent out in error. And thanks! He’s a handsome fellow.

 

That increase was supposed to begin as of January right? I have not received a letter but I keep up with all my stuff digitally so the letters don't affect me if I receive them or not.

 

yeah it looks like for 2022. I got all the info off the VA’s website.

 

That should be a nice small pay bump. I'm looking forward to that. Merry Christmas to you guys by the way! Here's my pig.

 

That’s a big boy!

 

He eats his wheaties, that's for sure. He's like a big teddy bear.

 

Thanks for the assist. We (I) decided to wait and see what the deposit was, which occurred today. It was a +5.9% as it was supposed to be.

The problem was all me. I was using the wrong number from the wrong letter to run the calculation.

I think I hit a slight panic mode because we've had a few hiccups with the ChampVA process for her this year.

Oh well, all is right with the bank account.

Happy New Year!

 

Yea, up about $200 here. I'll take it!

 

200 and change it was nice.