will dic benefits increase in 2021

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Add $365.58 for each dependent child under age 18, Add $387.15ifthe surviving spouse has one or more children under the age 18, a military member who died while on active duty, a veteran whose death was the result of a service-related injury or disease. It is the option to pay the SBP annuity to the child/children instead of to the surviving spouse. Will disability get a raise in 2022? . . The legislation would boost DIC to 55% of the compensation of a 100% disabled veteran, up from the current 43%. Survivors of active duty deaths may have made the choice to transfer their entitlement to eligible children to avoid the offset and retain some benefit for the family. Will I now receive SBP also? DIC apportionment rate. A1.7: Section 622 of the National Defense Authorization Act for Fiscal Year 2020 does not restoreSurvivor Benefit Plan (SBP)enrollment for any retiree who previously voluntarily withdrew. When my spouse retired from the military, he elected child-only Survivor Benefit Plan (SBP). These VA survivor benefits are tax exempt. Related: The Special Survivor Indemnity Allowance (SSIA) Program, Read More:2023 Dependency and Indemnity Compensation (DIC) Rates. Learn how to apply for and manage other benefits available to the family members of Veterans and service members. The Pandemic Electronic Benefit Transfer (P-EBT) program will be available in the summer of 2021, if your state's extension is approved. Does this mean I will now get the SBP instead of my child? It does not impact surviving spouses who receive only SBP but not DIC. If you're the surviving spouse or child of a Veteran with wartime service, find out if you're eligible for monthly pension benefits based on your income and net worth. The National Defense Authorization Act for Fiscal Year 2020 repealed the authority for optional annuities for dependent children. These increases in payment amount are taxable. The 2022 Dependency and indemnity compensation (DIC) rates will see a 5.9% increase based on the Social Security Administration's cost-of-living adjustment (COLA) increase. marked the start of a new year for veterans in terms of VA disability benefits. Q2.2:When will I see an increase in my Survivor Benefit Plan (SBP) payments? Then for each additional benefit you qualify for, you would add the amounts from the Added amounts table.. Then for each additional benefit you qualify for, you would add or adjust your monthly rate using the Added or increased amounts table. The Phased Elimination sheetaddresses the majority of affected survivors who will see their monthly SBP benefit restored fully. Housebound allowance. In this case you can receive full benefits through both programs at the same time. Expansion of Medal of Honor Pension. . A bipartisan group of Congress members, including Rep. Gil Cisneros, D-CAlif., Ted Yoho, R-Fla., Ted Cox, D-Calif., Jeff Van Drew, R-N.J., and Jahana Hayes, D-Conn., introduced the Caring for Survivors Act this week. In the past, SBP payments were reduced by the amount of DIC received by the spouse, referred to as an offset. This category only includes cookies that ensures basic functionalities and security features of the website. Q2.2: When will I see an increase in my Survivor Benefit Plan (SBP) payments? The popular DIC program is now available to more survivors. If a surviving spouse remarries prior to age 55, he or she is ineligible to continue receiving SBP. If your DIC payment is greater than your total SBP or RCSBP payment, the DFAS will stop your SBP or RCSBP payments. Oct 28, 2021 #1. 976, The Caring for Survivors Act of 2021, would increase Dependency and Indemnity Compensation (DIC)a tax-free benefit paid to eligible survivors of veteransby $300 per recipient. Letters include the following estimates for 2022(including any cost-of-living adjustments): For more information on this offset reduction phase out, DFAS has provided a page on their website that will hostupdates. OktoberTech Asia Pacific 2021 - Infineon Technologies. These survivors may need to take steps to ensure that DFAS is up to date on their eligibility and their contact information. 1-800-827-1000. You can change your cookie settings through your browser. = $2,318.47total monthly payment. The VFW supports H.R. VA also adds a transitional benefit of $332 to the surviving spouse's monthly DIC if there are children under age 18. + $336.32(Aid and Attendance) + $336.32(rate for second child under 18) The full SBP monthly payment with no offset (no reduction) beginning on February 1, 2023. October 14, 2022. Monday through Friday What is the Special Survivor Indemnity Allowance (SSIA)? Starting on December 1, 2021, benefits were boosted by 5.9 percent due to the 2022 . A3.2: No, Section 622 of the National Defense Authorization Act for Fiscal Year 2020 did not authorize back payments. 38 U.S.C. SSA has announced an increase of 5.9%. Effective December 1, 2020. My spouse declined Survivor Benefit Plan (SBP) when he retired. Survivors tax burdens could change significantly for the tax year of 2021. The changes may triple the amount of income tax some survivors pay. 10 Veterans Benefits You May Not Know About, Medal of Honor: Benefits, History and Facts, Veterans Employment and Training Service (VETS), Security Clearance Jobs After the Military, Unemployment Compensation for Ex-servicemembers (UCX), Military Spouse Career Advancement (MyCAA) Scholarship Program, Monthly Housing Allowance (MHA) for the GI Bill, 2023 DIC Benefits and Rates (8.7% Increase), Monthly VA benefit payments including VA disability, education, compensation, pension, and survivors benefits. This letter can be a useful budgeting tool as it will include information regarding the types and amount of payment the survivor may be receiving in 2022 (between SBP, DIC, and SSIA). The basic monthly tax-free DIC benefit will increase from $1,437.66 for 2022 to $1,562.74 for 2023, with additional amounts also seeing the 8.7% increase. A1.1: This change affects surviving spouses who were, or who became in 2022,, eligible for bothSurvivor Benefit Plan (SBP)payments andDependency and Indemnity Compensation (DIC)payments, and who were previously subject to a full or partialSBP-DIC offset. This phase out will apply to new applications for benefits and entitlements as well. If you have questions about Veteran programs offered through or by the Dept. If the surviving spouse cannot leave the house due to disability (adds $157. You have fewer issues with termites and rodents coming through the walls because of the building material. Thus, dual DIC and SBP beneficiaries may start to see changes (i.e., an increase) in their SBP payments starting in 2021 as they experience less DIC offset and get to keep more of their SBP benefit. DIC Benefits for 2021: $1,357.56 Per Month. 166.85. + $288.27 (8-year provision for E-3 pay grade) Survivorsof members who died in the line of duty prior to September 10, 2001, are not eligible to receive SBP. The larger than usual increase coincides with a Social Security cost-of-living adjustment (COLA), which was significantly higher this year because of rising inflation. Well base your payment amount on the number of the Veterans eligible surviving children. Copyright 2023 Military.com. Q3.5: Will the Special Survivor Indemnity Allowance (SSIA) be phased out? Intro. A2.2: Section 622 of the National Defense Authorization Act for Fiscal Year 2020 was signed into law on December 20, 2019; however, the actual adjustments toSurvivor Benefit Plan (SBP)payments for those affected by the change began in 2021. Q3.4: What is the Special Survivor Indemnity Allowance (SSIA)? The current Medal of Honor pension is $1,388.68 a month; it changes annually based on inflation. Add $181.37 if the surviving spouse is housebound. The legislation phased in the repeal of the SBP-DIC offset from 2021 to 2023. Will DIC benefits increase in 2021? This increase is based on the rising inflation, increasing prices of consumer goods, and rising gas prices. Certain surviving spouses of members who died in the line of duty on or after October 7, 2001, were eligible torequest to transfer the SBP annuity to a dependent child, which is referred to as an Optional Child Annuity.Please see this special webpage for news and information on theThe Survivor Benefit Plan 2023 Active Duty/Line of Duty Optional Child Annuity Reversion. Dependency and indemnity compensation (DIC) rates increased 8.7% in 2023, based on the Social Security Administration's cost-of-living adjustment (COLA) increase and the signing of the Veterans' Compensation Cost-of-Living Adjustment Act of 2022. This is a whopping 2.8% difference from 2022. Dear XXXXXXX. The repealphases-in the reduction of this offset beginning on January 1, 2021, and culminates with elimination of the offset in its entirety on January 1, 2023. A2.5: No, the increase in benefits will occur automatically for surviving spouses subject to the SBP-DIC offset. Then, go down to the Added or increased amounts table. Effective Jan. 5, 2021, a veteran's surviving spouse who remarries after the veteran's death will remain eligible for the benefit paid by the VA if the spouse is at least 55 years old. You have 1 or more children who are under age 18. [Detail] [Text] [Discuss] 2023-01-24. Click on the question in one of the bulleted lists below to jump to that specific FAQ or scroll down the page to see all of the frequently asked questions. Q1.8: My spouse declined Survivor Benefit Plan (SBP) when he retired. This means you wont have to pay any taxes on your compensation payments. For 2022, DIC rates will see a 5.9 percent increase, in correlation with the COLA rate increase. One of the most important ways we honor our fallen service members and service-disabled veterans is by recognizing and paying homage to their survivors. . To avoid owing money, be sure to notify the DFAS as soon as you qualify for DIC. Once the phase out is complete, the separate SSIA benefit will be discontinued. The most frequently asked questions are answered below. The remainder of the SBP benefit after deducting an amount equal to 1/3 of the spouses DIC payment from the SBP gross annuity amount (SBP gross 1/3 of DIC = SBP net) The phase out started in January 2021 and was reflected in the February 2021 payment. Making Tier Status Easier to Earn for 2021 The requirements for making tier status have been lowered for 2021. The legislation phased in the repeal of theSBP-DIC offsetfrom 2021 to 2023. If you previously received a refund of SBP premiums paid due to the SBP-DIC offset, you willnotneed to pay back that refund because of this change in the law. Some surviving parents may be eligible for an income-based benefit. Currently, DIC is paid at 43 percent of 100 percent permanent and total disability while all other federal survivor programs are paid at 55 percent. Here is the Caesars Rewards Benefits Overview for a summary of each tier. If the elected coverage was for spouse and child, the child (if under age 18 orage 22 if a full-time student) will only become eligible for SBP if the spouse loses eligibility, for example a surviving spouse remarries before age 55 or the spouse passes away. Personnel Force InnovationFreedom of Information ActDFAS HotlineContact Us Accessibility / Section 508EEO / No Fear Act, An official website of the United States government, Providing payment services for the U.S. Department of Defense. Example of how to calculate your DIC payment. If you were remarried after your 57th birthday, you typically can still file for VA DIC benefits. Total monthly payment for the first 2 years These benefit amounts can increase if the veteran of spouse has dependents. A 4.1: When a currently-serving member dies in the line of duty on active or inactive duty, the surviving spouse has the option, in consultation with the Secretary of the Military Department, to choose to have theSurvivor Benefit Plan (SBP)annuity paid directly to a dependent child rather than to receive the benefit for him or herself. Eligible surviving spousescontinue to receive the full amount of DIC from the VA. Summary President Ferdinand Marcos Jr. condemned the mid-morning attack. Find out if you may be eligible for education benefits or job training through a GI Bill program. Can You Use California Ebt In Other StatesAvailable in 25 count . H.R. Note: If youre the surviving spouse of an aviation cadet or other service member not covered by this table, youll receive the DIC rate for enlisted E-3. Q1.2: Does every widow/widower of a service member who dies in the line of duty get SBP? A steam turbine with the case opened, an example of energy technology. All surviving spouses subject to the offset will have their benefit recalculated for the month of January 2023, which they will receive on February 1, 2023. This year, in 2021, DIC rates will see a 1.3 percent increase. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree - or about $1,680 per year. This is a special payment paid to surviving spouses who are entitled to both benefits. Its managed by the Defense Finance and Accounting Serviceat the Department of Defense. Although the minimum monthly rate of VA DIC 2021 benefits is $1,357.56 for surviving spouses as of December 2020, compensation may be higher if the Veteran was totally disabled for eight years or more while married, if the surviving spouse is disabled, and/or if the children are under age 18. Back pay, or what the VA calls retroactive benefits, is the lump sum payment for benefits that have been accruing since the filing of a granted claim. This provision is only allowed in situations in which the member died on active or inactive duty, in the line of duty, after October 7, 2001. *Note: The information on this website is provided to explain typical situations regarding retiree and annuitant benefits. To get your final amount, add all values that match your situation. Reviewed by Eldon Mullis to meet our Standards of Care. On March 25, Senate Veterans' Affairs Committee Chairman Jon Tester (MT) and Senator John Boozman (AR) introduced S. 976, the Caring for Survivors Act of . To ensure that these survivor's benefits continue to provide for the financial stability of the veteran's loved ones, DAV urges Congress to: increase DIC rates; eliminate the arbitrary 10-year rule criteria for DIC You can't get both.Learn more about Survivors Pension benefits, Check current VA Survivors Pension benefit rates. What Benefits Are You Eligible For as a Spouse of a Disabled Veteran? Adult surviving children receive DIC separately from the veterans surviving spouse. If a ranking or list has a company noted to be a partner the indicated company is a corporate affiliate of Veteran.com. You may be eligible for DIC benefits if you are a surviving spouse who: Marrieda Servicememberwho diedon activeduty, dutyfortraining or inactive duty training, OR Married the deceased Veteran before Jan. 1, 1957, OR Married aVeteranwho died from service-connectedinjuryordisease, if the marriage began within 15 years of discharge, OR We recommend reaching out to afinancial counseloror retirement services office on your local installation to discuss individual amounts. 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Wepost news here regarding the status of the implementation of the "Phase-Out of Reduction of Survivor Benefit Plan Survivor Annuities by Amount of Dependency and Indemnity Compensation," as directed by the National Defense Authorization Act (NDAA) for Fiscal Year 2020. This law does not create new beneficiaries nor change the eligibility criteria for SBP or DIC. I would like to learn more, where can I go? Q1.6: When I retired my spouse and I declined coverage because Im totally disabled and we knew my spouse would get Dependency and Indemnity Compensation (DIC) when I died and Survivor Benefit Plan (SBP) would be offset. In most cases, you cant receive a full SBP or RCSBP payment and a full DIC payment at the same time. The rate of the adjustment is tied to the increase in Social Security benefits effective December 1, 2020, as announced by the Social Security Administration (SSA). In 2023, affected surviving spouses who receive DIC andSurvivor Benefit Plan (SBP) payments from the deceased veteran's military service will no longer see their SBP payments decreased by the monthly DIC amount. While it remains in effect for now, beginning on January 1, 2023, this option will go away in accordance with Section 622 of the National Defense Authorization Act for Fiscal Year 2020. All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. 3402/S. In December, spouse SBP annuitants who are also receiving DIC payments from the U.S. Department of Veterans Affairs should receive a letter from Defense Finance and Accounting Service (DFAS) that lists estimates for their individual payments in the coming year. CPI-W Measurements. The content on Veteran.com is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on Veteran.com should not be attributed to the Dept. I received a Survivor Benefit Plan (SBP) premium refund once I started getting both SBP and Dependency and Indemnity Compensation (DIC), will I have to pay it back? Also, if youre not using myPay,set up a profile nowand add your email address. The changes do NOT affect Dependency and Indemnity Compensation (DIC) payments from the VA. The new 2021 VA disability rates were effective December 1, 2020, and disabled veterans will see the new 1.3% COLA increase on their January 1, 2021 VA compensation payment. SBP is paid either to the surviving spouse OR to the surviving child/children; it is NOT paid to both spouse and child. Pleasesee this special webpage for news and information on the Survivor Benefit Plan 2023 Active Duty/Line of Duty Optional Annuity for Dependent Children Elimination/Reversion of SBP Annuity to Surviving Spouses. ** LATEST ** Read about the 2023 COLA increase: Largest Retiree & Veteran COLA Increase In Decades Approved. Add $387.15 for each dependent child under age 18. Q4.3: I am a retiree who elected spouse and child Survivor Benefit Plan (SBP) coverage? The Survivor Benefit Plan, sponsored and subsidized by the Department of Defense, provides up to 55% of a service members retired pay to an eligible beneficiary if a service member passes away. A new Military OneSource podcast episode explaining the SBP-DIC Offset Elimination! Add $332.00 for the first 2 years after the veteran's death if the surviving spouse has one or more children under 18 on the award, regardless of the number of . [The Economist online, December 27, 2010] From 1977 to 2008, China's vehicle ownership increased from 1 million to 51 million. This button displays the currently selected search type. Section 622 of the National Defense Authorization Act for Fiscal Year 2020 does not authorize retirees who previously declined or elected reduced coverage (such as electing child-only coverage at retirement) to re-enroll or change their level of coverage. It is also used in the treatment of high blood pressure, low blood potassium that does not improve with supplementation, early puberty in boys, acne and excessive hair growth in women, and as a part of . Dependency and indemnity compensation is paid to a surviving spouse at the monthly rate of $1,562.74 for 2023. Withdrawal from SBP remains in effect as long as the retiree who withdrew is rated totally disabled. Michigan has been paying maximum SNAP benefits to all households since April 2020, soon after the coronavirus pandemic began. Total monthly payment for the first 2 years, $1,357.56(monthly rate) The Special Survivors Indemnity Allowance (SSIA) will no longer be paid after the January 3, 2023 payment, because SSIA is only paid to spouses who have their SBP payment offset by DIC. Dependency and indemnity compensation (DIC) rates increased 8.7% in 2023, based on the Social Security Administrations cost-of-living adjustment (COLA) increase and the signing of the Veterans Compensation Cost-of-Living Adjustment Act of 2022. No tables, rankings or lists are fully comprehensive and do not include all companies or available products. Survivors' tax burdens could change significantly for the tax year of 2021. 2023 Dependency and Indemnity Compensation (DIC) Rates, Veterans: What's Taxed and What's Not on Your Federal and State Returns. **Example of an Individual Estimate Letter Mailing(right click and choose "Save link as" to download PDF to your computer or device) 7% increase for 2022 compared to 2021 levels. Surviving spouses receiving Dependency Indemnity Compensation (DIC) are not eligible. What if I got remarried, will I still get the SBP benefit? The 2022 DIC rate will be effective December 2021 and it will increase to $1,437.65 . The retro benefits come in a lump sum - paid all at once after the grant of benefits. SBP spouse survivors who are eligible for DIC and apply to start their SBP annuity in 2021 onward will also see the phased restoration of their SBP entitlements. You should have also received a January 2022 Annuitant Account Statement (AAS) near the time of your February 1, 2022 payment thatshowed changes to your SBP and/or SSIA payment because of the second phase of the SBP-DIC Offset Phased Elimination. Technology is the application of knowledge for achieving practical goals in a reproducible way. Eligible surviving spouses will continue to receive the full amount of DIC from the VA. Infection by the SARS-CoV-2 increases the risk for systematic multi-organ complications and venous, arterial thromboembolism. Q1.5: Will I lose Survivor Benefit Plan (SBP) at a certain age? Spouse eligibility is not restored because the election of child-only or SNT coverage at retirement was irrevocable. If you were the surviving spouse of a Veteran whose pay grade was E-9, and you qualified for the 8-year provision, and you had 2 dependent children under 18, you would calculate your monthly payment as in the example below. VA benefits will increase by roughly $8.50 for a 10% disability rating with no dependents and $185 for veterans rated 100% with no dependents. The Social Security Administration has announced a 5.9% increase in Social Security and Supplemental Security Income (SSI) benefits for 2022, the largest cost-of-living increase (COLA) in years . The Veteran had a VA service-connected disability rating of totally disabling (including for individual unemployability) for at least the 8 full years leading up to their death. General Schedule employees will receive an across-the-board federal pay raise of 2. We dont manage this program. All rights reserved. For example, if there are 2eligible surviving children, and one of them is a helpless child, the rate for that child would be $748.62 ($412.30+ $336.32). 356.16 for each eligible child. Want 30+ Military / Veteran Discounts to use today? A5.1: The Defense Finance and Accounting Service (DFAS) created this webpage to share information about the elimination of the SBP-DIC offset: Additionally, you can contact Military One Source at 800-342-9647 or find other counseling options through theMilitary One Source website. If the exception doesnt apply to you,the DFAS will reduce your SBP or RCSBP payment by two-thirds of your DIC payment through the end of this year. The increase affects not only the base benefit rate for a survivor but also additional benefits awarded based on specific circumstances, like having a school-age child. Work with an accredited representative or agent OR. Key Points: This is not an increase in SBP payment amounts but rather a restoration of payments that were previously legally offset. DIC is a monthly benefit paid to eligible survivors of: The surviving spouse is eligible for DIC if they. An annuity is a monthly payment received for life. What is the Special . Under the previous law, a surviving spouse who receives DIC is subject to a dollar-for-dollar reduction of SBP payments, which could result in SBP being either partially or fully offset. A3.1:Survivor Benefit Plan (SBP)annuity payments can vary for each beneficiary because they are based on a number of factors such as retirement date, length of service, pay grade, and disability rating of the sponsor. Therefore, if a survivor gets SBP and is authorized DIC, the Defense Pay Center will deduct the DIC amount from all SBP paymentsand pay the remaining amount of the SBP to the survivor in the special SBP/DIC offset. Any changes to that tax-free benefit from VA, such as COLA increases, are separate from the offset repeal. Is It Risky to Buy a Home Before a Recession? Youll need to send them a copy of your VA DIC award letter. DIC rates depend on your relationship to the Veteran (spouse, child or parent), your dependents and when the veteran died. Add the amount listed in the Added monthly amount column of each description to your monthly payment. It is important to note that this change does not impact any retirees or surviving spouses if SBP coverage was previously declined, and does not create opportunities for new enrollment in SBP for retirees who previously declined coverage. Here's what veterans can expect on their taxes when it comes to service-related pay. DoD/DFAS will pay: A1.4: Section 622 of the National Defense Authorization Act for Fiscal Year 2020 did not change the eligibility requirements for theSurvivor Benefit Plan (SBP). There are two main types, one for surviving spouses and one for surviving parents. COLA increased by 5.9% in 2022. Want to check current DIC rates for spouses and dependents?Get rates for the current year, Your monthly payment rate is: $1,357.56 At PG&E Corporation, we understand that a strong commitment to compliance and ethics is the foundation of a successful business. + $336.32(rate for first child under 18) + $336.32(rate for second child under 18)= $2,318.48total monthly payment. Department of DefenseDepartment of Veterans AffairsMilitary Employment VerificationWarrior Care WebsiteDefense Contract Mgmt Agency DoD Forms These payments are not retroactive, so survivors will not be repaid any amounts that were previously offset by their DIC benefit. The Veteran had a VA disability rating of totally disabling for at least the 8 full years leading up to their death. Arlington, VA 22204, 2023 Navy Mutual Aid Association. As of December 1, 2020, the Aid and Attendance benefit will increase by 1.3%. Note: Spouses who remarry can continue to draw DIC if they: The surviving children are eligibleif they are unmarried and under 18, or between the ages of 18 and 23 and attending school. DATES: The increases in amounts became effective December 1, 2021. The Survivor Benefit Program is a voluntary annuity program that service members may buy as a retirement benefit for their family members. Plus the appropriate amount of SSIA up to the maximum allowable ($346), Annuitant Account Statements for spouses now show their current gross SBP benefit at the bottom of the statement. Learn more about these payment changes on the DFAS website. 2022 General Schedule Pay Raise: From 2021 to 2022, the GS pay rates were raised a . The global C5 resin market is expected to register a CAGR of over 4% during the forecast period (2022-2027). Find any descriptions in the table below that are true for you. DIC rates for 2022 will become effective Dec. 1, 2021. . DIC rates are effective as of Dec. 1, 2022. There are fresh concerns that public support for ongoing military assistance may be waning. US. Find out if you may qualify for health care benefits through a program such as CHAMPVA or the Department of Defense's TRICARE program. Q3.3: I received a Survivor Benefit Plan (SBP) premium refund once I started getting both SBP and Dependency and Indemnity Compensation (DIC), will I have to pay it back? The letters were mailed in groups, so some spouses may receive their letters earlier than others. 1-800-628-6011 Q2.3: Why cant I receive the full Survivor Benefit Plan (SBP) benefit starting this year? Please see this special webpage for news and information on theThe Survivor Benefit Plan 2023 Active Duty/Line of Duty Optional Child Annuity Reversion. Under most circumstances, a surviving spouse under 57 years old who remarries cannot receive DIC. An official website of the United States government. Surviving spouses may be eligible for additional compensation. VA paid: Retirees saw a 1.3% increase in 2021. the process that the DFAS is taking to stop reducing the amount of SBP or RCSBP payments for survivors who also receive DIC benefits. We use cookies to store information on your computer. If yes, when is the cutoff date? The Dependency and Indemnity Compensation (DIC) benefit paid by the Department of Veterans Affairs to survivors of certain deceased veterans will be increasing by 8.7% for 2023. This means that many retired and disabled veterans will receive a bump in pay between $10 to $90 per month. For each helpless child over 18, add $336.32 to your monthly rate above. These rates are effective December 1, 2020. 29 Carpenter Road In 2021, DIC rates increased by 1.3 percent. Sergeant Major of the Army or Marine Corps, Master Chief Petty Officer of the Coast Guard. 2022 COLA. Every year the VA adjusts the amount of the benefit based on the Social Security Administration's annual cost of living increase.