Do Veterans Get Extra Money From Social Security?

The US Bureau of Labor Statistics the data released regarding the COLA adjustment for 2022. The figure, a increase of 5.9 percent, is the largest adjustment in years. The goal is to keep people on benefits afloat as inflation continues to rise at a very rapid pace.

The Bureau of Labor Statistics announced that have been consumers since October 2020 pay 6.2 percent more on average for goods and services — the largest increase in thirty years.
This means that recipients will actually incur a net loss and the cost of goods will increase faster than their benefits next year.

For veterans who are routinely denied employment after their service, this increase is extremely important.

The increase also affects the disability benefits of the Department of Veterans Affairs (VA), although the figure offered may differ. Typically, a VA receiver with a 10 percent handicap their monthly figure increased by $8.50, which makes an extra $85 per month for those with a 100 percent rating.

A handicap rating is the characterization of a soldier’s disability. In short, the worse the injury, physical or mental, the more benefits a recipient has.

Can you get both Social Security benefits and Veterans Affairs benefits?

Since 1957, social security has covered all active duty military service and active duty training, and was expanded in 1988 with: inactive duty in the armed forces reserves.

The VA has their own monthly fee that wounded veterans can receive. Like Social Security benefits, these are: measured by severity of injuries. The lowest anyone could get, with a 10 percent disability rating, is $144.14 per month, which can go up to $3,146.42 for the most serious injuries.

Good news for veterans, the two are independent programs, which means there is no reduction in your entitlement to social security due to pension benefits. The amount of your social security benefits is based on your work history, income level, and the age at which you chose to claim the payments.


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