What is the payment schedule for VA benefits?


Quick Answer

The payment schedule for Veterans Affairs benefits is published annually and paid monthly according to the calendar published by the Defense Finance and Accounting Service. Special payments such as the special monthly compensation and veterans pensions are also made monthly, according to the Legal Information Institute.

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Full Answer

According to the 2015 schedule, the payment of VA benefits to annuitants is usually on the same day or follows the payment date for retirees by a maximum period of four days, the Defense Finance and Accounting Service reports. The monthly payout of veterans' retirement benefits is made by direct deposit into the beneficiary's bank account or through a myPay account. Veterans pension is available as monthly supplemental income to wartime veterans who meet specific guidelines and whose annual family income is lower than the threshold stipulated by Congress, according to the U.S. Department of Veterans Affairs.

Surviving families of veterans are eligible to receive a monthly survivors pension benefit as well as the compensation, retirement or disability pay according to the U.S. Code, the Legal Information Institute reports. Veterans and their surviving families are also eligible for housebound assistance benefits as well as aid and attendance benefits, according to the U.S. Department of Veterans Affairs.

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