Compensation Rate Increase for Veterans with Disabilities, Survivors Proposed

Disabled Veteran

Federal legislation has been proposed, led in part by a North Carolina congressman, to increase the rates of compensation for veterans with service-connected disabilities and military survivors under the Department of Veterans Affairs.

The Veterans’ Compensation Cost-of-Living Adjustment Act, known by the acronym COLA Act, could go into effect as soon as Dec. 1, with adjustment parallel to the annual COLA adjustment to Social Security benefits, as determined by the Social Security Administration.

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