VA announces cost of living increase

On Nov. 26, the new rate tables for those receiving pension or compensation from the Department of Veterans Affairs were released.

    The new rates, based on the cost-of-living adjustment (COLA) measure signed by the President on Sept. 25, implemented the 5.8 percent cost of living increase and are effective Dec. 31, 2008. The new rates will increase by 5.8 percent the benefits paid by VA for those receiving; Improved Pension, Service Connected Disability Compensation, Dependency Indemnity Compensation, or pension or compensation from other VA programs.

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