Va Special Monthly Compensation Rates 2024 List. The 2024 cost of living adjustment (cola) increase is 3.2 percent. Learn about 2024 special benefit rates for automobile allowance, clothing allowance, and medal of honor pension.

Va special monthly compensation (smc) is a higher rate of compensation that we pay to veterans as well as their spouses, surviving spouses, and parents with certain needs or disabilities. The 2024 cost of living adjustment (cola) increase is 3.2 percent.