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Veterans Benefits to Get Cost of Living Increase

Wed, 12/06/2000 - 1:00am — Karen Stevenson
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President Clinton has signed into law HR 4850, the Veterans' Compensation Cost-of-Living Adjustment Act of 2000. The Act directs the Secretary of Veterans Affairs to provide a cost-of-living adjustment (COLA) in benefits for service-disabled veterans and their surviving spouses and children, effective December 1, 2000. It provides for higher payments of disability compensation to veterans who suffer from service-connected disabilities and for higher payments of dependency and indemnity compensation for the surviving spouses and children of service members and veterans whose deaths were service-connected. The cost-of-living adjustment is to be the same percentage as the annual cost-of-living adjustment used in calculating Social Security benefits, 3.5% for this year.

President Clinton has signed into law HR 4850, the Veterans' Compensation Cost-of-Living Adjustment Act of 2000. The Act directs the Secretary of Veterans Affairs to provide a cost-of-living adjustment (COLA) in benefits for service-disabled veterans and their surviving spouses and children, effective December 1, 2000. It provides for higher payments of disability compensation to veterans who suffer from service-connected disabilities and for higher payments of dependency and indemnity compensation for the surviving spouses and children of service members and veterans whose deaths were service-connected. The cost-of-living adjustment is to be the same percentage as the annual cost-of-living adjustment used in calculating Social Security benefits, 3.5% for this year.