North Carolina congressman proposes legislation to raise veterans' disability and survivor compensation rates in line with Social Security COLA adjustments.
Federal legislation proposed by a North Carolina congressman aims to increase compensation rates for veterans with service-connected disabilities and military survivors under the Department of Veterans Affairs. The Veterans’ Compensation Cost-of-Living Adjustment Act, or COLA Act, could be implemented as early as Dec. 1, with adjustments parallel to the annual COLA adjustment to Social Security benefits. The legislation aims to improve financial benefits for these veterans and survivors.
April 11, 2024
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