Va Compensation Rates 2024 Increase. 2024 va smc rates increased by 3.2% over 2023 rates beginning january 2024 and continuing through december 2024 (until the 2025 cola increase). New va disability pay rates increased in 2024 to account for the social security administration’s (ssa) 3.2% cost of living adjustment (cola).
Va disability rates increased 3.2% in 2024 over the previous year. The 2024 increase in va compensation rates by 3.2% is an important adjustment that helps veterans cope with rising living costs.