This bill increases disability compensation payments for veterans and dependency and indemnity compensation for survivors of disabled veterans, effective December 1, 2024. The increases apply to all payment rates under the Veterans Administration's disability compensation program, including payments to spouses and children of deceased veterans, as well as clothing allowances. The percentage increase will match whatever cost-of-living adjustment is applied to Social Security benefits for the same period, ensuring veterans' benefits keep pace with inflation. The Department of Veterans Affairs must publish the adjusted payment rates in the Federal Register by the same deadline used for Social Security announcements. No specific funding amount is mentioned, as the bill adjusts existing appropriations based on the Social Security cost-of-living formula determined annually.
Take Action
Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.