This was due in large part to the COVID-19 pandemic and its impact on economies worldwide. In 2021, the COLA increase was 1.3%, slightly smaller than the previous year. The VA compensation rates for 2020 went into effect on December 1, 2019, and veterans received their adjusted benefits starting on December 31. In 2020, the 1.6% COLA increase led to a small jump in veterans’ disability benefits. VA Disability Pay Rates and COLA Rates Over Time 2020 COLA It also helps to ensure that veterans can maintain their standard of living as prices increase. The COLA is an important part of ensuring that veterans’ disability benefits keep pace with the rising cost of living. The new pay rate is effective on the first day of the month after the COLA is announced. Second, the COLA is used to determine the new pay rate for benefits. The COLA influences yearly pay rates for VA disability benefits in two ways: First, the COLA is used to determine the amount of the annual increase in benefits. The yearly COLA is effective as of December 1st and is the same percentage increase for VA disability pay rates. The CPI-W measures the average change in prices paid by urban consumers for a market basket of goods and services. This adjustment is based on the rise in cost-of-living as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). What Is the Cost-of-Living Adjustment (COLA)?Įvery fiscal year, the Social Security Administration (SSA) sets an annual increase in benefits called a cost-of-living adjustment (COLA). According to recent projections by The Senior Citizens League (the nation’s largest nonpartisan senior citizen group), the 2023 cost-of-living adjustment (COLA) will likely be around 8.7%. The total amount payable is $1,807.17.Veterans experiencing the effects of inflation are likely to see some relief next year with a potential record increase in 2023 VA Disability Pay Rates. Add $111.00, additional for A/A spouse, to the rate for a 70% veteran with dependency code 12, $1,696.17. For example, veteran has A/A spouse and 2 minor children and is 70% disabled.
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I’d say that in America, England, Australia and Canada, each one of our publishing programmes is creating their own kind of strategy and vision and have things going forward. We do see each national publishing programme as sui generis, each one really expands the market it is in and the idea was now we have things that can cross over. They have done a great job in localising what we publish in the rest of the world. It’s fascinating for them to choose these books, telling us the books that will work in India as well as those that will be of less interest. We make available to them all the stuff we publish in the rest of the world. We are going to rely on our team here to tell us what we should do. So the potential in India is really large. There is a task that the publishing industry needs to do: To encourage reading as the thing that people want to do in their leisure time, whatever time they have. So, partially, it’s a matter of instilling the value of reading books, both to get ahead but also just for pleasure and entertainment and enjoyment. Clearly, the literacy rate is very high and getting higher every year. The potential in India is so huge for the growth of the market and the real question is where and how will that growth come. So far, the vision has been the same as it was when we began. That’s definitely part of the vision from Day One and what’s exciting is that some of the titles that have already been announced, some other publishers around the world are already interested in reading the books and seeing whether they can add them to their list. The idea is that at least some of the books from the local publishing list in India will also travel to our other national publishing arms and we can then provide some Indian authors worldwide-strength in publication. In addition, we hope that Dharini would find some books that’d be of interest to us because Simon & Schuster is very strong in the United States, Canada, England and Australia. When you publish a list that’s small, naturally, you give more time to every book. Our vision is to keep it small and focused - a combination of fiction and non-fiction, literary and commercial. We’re not looking to compete with very large English-language publishers in India who do 100 or 200 books a year. My expectation is that we will probably go on to at least double that. They have been very careful in trying to make sure that for a list that we envision, being smallish while starting out, the goal is one book a month - in effect 12 books a year, so that every book on that list can get the attention and effort. Rahul and Dharini have already acquired eight titles for the inaugural list for 2017 and some for the lists that follow after that. And she has certainly hit the ground running. Let’s begin to build our local publishing list.” It took him some time to identify and hire Dharini Bhaskar (Editorial Director) to lead the editorial effort of the publishing list. CBSLocal alongside Simon & Schuster and the entire ViacomCBS family send heartfelt thoughts and condolences to Carolyn's family and loved ones.About a year ago, we said to Rahul, “It’s time. Her contributions to not only Simon & Schuster, but to American literature as a whole have been wide spread and impactful throughout the course of her career. Reidy owned a Bachelor's degree from Middlebury College in Vermont as well as a Master's and Doctorate from Indiana University. Carolyn was a passionate, beloved leader who helped authors reach readers around the world and, in doing so, played a key role in making Simon & Schuster what it is today – one of the most successful and respected consumer publishing houses in the business." ViacomCBS President and CEO Bob Bakish said in a statement earlier today, "It goes without saying that this is a huge loss for our company and the entire publishing industry. In 2017, Reidy was named "Person Of The Year" by Publisher Weekly who praised her leadership "through the Great Recession, publishing's digital disruption, and a slow-growth sales environment all while keeping Simon & Schuster a commercial and critical success." Reidy worked at Simon & Schuster for nearly 30 years and during her time oversaw the release of titles from some of literature's biggest names including Stephen King, Doris Kearn Goodwin and Bob Woodward. (CBSLocal)- Simon & Schuster, which is owned by ViacomCBS, announced earlier today the passing of long-time employee Carolyn Reidy, who had served as the publisher's CEO for the past 12 years. |
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