2024 Cost Of Living Increase Veterans Day. Military retirees and disabled veterans will receive 2.5% increases to their monthly paychecks for 2025, thanks to the annual cost of living adjustment, or cola, tied to inflation. Benefits for 2024 will be 3.2% higher than 2023 benefits.

Therefore, this will lead to a significant increase in 2023. President biden believes access to health care is a right not a privilege.