Dependency and Indemnity Compensation Cost of Living Adjustments - Printable Version +- VetsLink offices (https://vetslink.org/forum2) +-- Forum: Offices (https://vetslink.org/forum2/forumdisplay.php?fid=1) +--- Forum: Hot Off the Press (https://vetslink.org/forum2/forumdisplay.php?fid=3) +--- Thread: Dependency and Indemnity Compensation Cost of Living Adjustments (/showthread.php?tid=8) |
Dependency and Indemnity Compensation Cost of Living Adjustments - Redleg - 02-24-2022 SSA has announced a 5.9% COLA increase in Social Security benefits effective December 1, 2021. Therefore, applying the same percentage, the following increased rates and income limitations for the DIC program became effective December 1, 2021 DIC Payable to a Surviving Spouse – Veteran death on or after January 1, 1993 Basic Monthly Rate: $1,437.66 If at the time of the Veteran's death, the Veteran was in receipt of or entitled to receive compensation for a service-connected disability rated totally disabling (including a rating based on individual unemployability) for a continuous period of at least 8 years immediately preceding death and the surviving spouse was married to the Veteran for those same 8 years, add: $305.28. For each dependent child under the age of 18, add: $356.16. If the surviving spouse is entitled to Aid and Attendance benefits, add $356.16. If the surviving spouse is entitled to Housebound benefits, add $166.85. If the surviving spouse has one or more children under the age of 18 on the award per 38 U.S.C. 1311(f), add the 2-year transitional benefit of $306.00 For full release with even more information please check in our Download Resource area under Benefits for UPDATED DIC payment pdf |