Tuesday, December 20, 2016

COST OF LIVING ADJUSTMENT!! Show Me The Money.


So I got this email about 10-minutes ago and I was so happy to find out that I was going to get a raise in my monthly disability payment.  I'm only at 10% so I knew no matter what the amount was it wasn't going to be that big for me.  But imagine my disappointment when I found that it was only going to be .3%.  The letter is below, but I wanted to point out a couple of things that I thought was really funny.

The cost of living adjustment is supposed to help with our "purchasing power".  I'm not sure about you but for me .3% is not going to do anything to help me make any major, or even really small purchases in my life.  Don't get me wrong, I'm grateful for all that I receive but I find it hard to believe that COLA has only increased .3%.  I know my bills have increased WAAYYY more than that. :-).

Anyway, I just wanted to share this information with you and I know many of you have already received this.  What do you think about the raise?

As always, thank you for your support.

TTYL - Be blessed!!


Information about your VA benefits


Dear VA Beneficiary:

If you or someone you know is in receipt of benefits from the Department of Veterans Affairs (VA), you may see an increase in benefits in 2017. A cost-of-living adjustment (COLA) has been made to these benefits to ensure the purchasing power is not eroded by inflation. The COLA to VA’s disability rates is the same percentage as for Social Security as required by Public Law 114-197.

For 2016, it was determined there was a 0.3% increase in the inflation rate based on the Consumer Price Index. Therefore, the COLA for 2017 is 0.3%. The adjustment to your benefits will occur in December and will be distributed on Friday, December 30, 2016. You may view your VA payments on eBenefits.

We encourage you to share this email with a friend. We have provided additional information on the adjustment below:

VA Compensation Benefit Rate Tables – rate for the following benefit types:
  •     Veterans Compensation Benefits
  •     Special Monthly Compensation
  •     Dependency Indemnity Compensation (DIC)
  •     Parents DIC
  •     Automobile Allowance, Clothing Allowance and Medal of Honor
  •     Birth Defects

Sincerely,


Veterans Benefits Administration

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