The decision affects approximately 70 million Americans and other federal retirees,including Social Security recipients.
(These figures are estimates until officially announced.)
Other VA payouts subject to COLA include compensation for dependents, surviving spouses and children and clothing allowances.
The percentage change between the two quarterly averages is the COLA starting in January 2023.
The single biggest increase, 14.3 percent, went into effect in January 1981.
However, Meese recommends checking your account status and verifying your demographic information in advance.
Military retirees can visitMyPay.dfas.miland disability beneficiaries can jump in atVA.govto do so.
Be aware that the VA will never call and ask for specific information.
Other ways to hit up the agency are on theVAs Contact Us page.
