Veterans Affairs disability compensations COLA is based on SSA’s COLA. 2019 We will see a 2.8% COLA if you receive VA, SSI, or SSDI they all receive the same COLA.
Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019.
The 2.8 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2018. (Note: some people receive both Social Security and SSI benefits.)
Current VA Compensation Rates
Read more about the Social Security Cost-of-Living adjustment for 2019.
- The maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $132,900.
- The earnings limit for workers who are younger than “full” retirement age (age 66 for people born in 1943 through 1954) will increase to $17,640. (We deduct $1 from benefits for each $2 earned over $17,640.)
- The earnings limit for people turning 66 in 2019 will increase to $46,920. (We deduct $1 from benefits for each $3 earned over $46,920 until the month the worker turns age 66.)
- There is no limit on earnings for workers who are “full” retirement age or older for the entire year.
History of COLA increases
Since 1975, Social Security general benefit increases have been cost-of-living adjustments or COLAs. The 1975-82 COLAs were effective with Social Security benefits payable for June in each of those years; thereafter COLAs have been effective with benefits payable for December. Prior to 1975, Social Security benefit increases were set by legislation.