Congress Authorizes COLA for Disabled Veterans

By on September 19, 2014 in Current Events with 21 Comments

Congress has passed legislation that would provide a cost of living adjustment for disabled veterans receiving disability compensation from the Department of Veterans Affairs and other compensation for survivors of veterans who have died as a result of their service to the country.

Known as the Veterans’ Compensation Cost-of-Living Adjustment Act of 2014 (S. 2258), the bill would increase the disability benefits for veterans using the same cost of living adjustment as Social Security.

The bill now heads to the president for signature. If and when it is signed into law, the bill would increase compensation in the following areas beginning December 1, 2014: wartime disability compensation, additional compensation for dependents, clothing allowance, dependency and indemnity compensation to surviving spouse, and dependency and indemnity compensation to children.

 

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Ian Smith is one of the co-founders of FedSmith.com. He enjoys writing about current topics that affect the federal workforce. Ian also has a background in web development and does the technical work for the FedSmith.com web site and its sibling sites.

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