Veterans' Compensation Cost-of-Living Adjustment Act

The Veterans' Compensation Cost-of-Living Adjustment (COLA) Act is legislation that ensures veterans receiving disability compensation get periodic increases in their benefits to keep pace with inflation. Each year, if inflation rises, the Act allows adjustments to the compensation rates. This adjustment helps maintain the purchasing power of veterans' benefits, ensuring they can afford essential goods and services despite rising costs. The Act reflects a commitment to support veterans and their families by acknowledging the economic challenges they face over time.