Veterans’ Compensation Cost-of-Living Adjustment Act of 2024

This bill increases compensation rates for veterans with service-connected disabilities and for survivors of certain disabled veterans, effective December 1, 2024. The increases will match the percentage used for Social Security cost-of-living adjustments in December 2024, ensuring benefits keep pace with inflation. It affects specific payments including wartime disability compensation, additional compensation for dependents, clothing allowances, and dependency and indemnity compensation for surviving spouses and children. The bill requires the Veterans Affairs Secretary to publish the adjusted rates in the Federal Register by the date Social Security adjustments are published.