The increase applies to disability benefits, clothing allowances, and dependency and indemnity compensation for surviving spouses and children.

The 2025 cost-of-living-adjustment is about to be determined, and it might not go as far as some retirees hope.

About 5 million veterans and 2 million military retirees receive benefits checks each month through the Department of Veterans Affairs. The COLA increase legislation would apply to payouts for disability compensation, clothing allowance, dependency and indemnity benefits, as well as some other VA assistance programs.

Vt., has introduced a new bill, to raise the Social Security lump-sum death benefit to $2,900 to reflect today's cost of living.

There's a reason Social Security benefits are eligible for an annual cost-of-living adjustment (COLA). If benefits were to remain flat from year to year, seniors would lose buying power over time due to inflation.