Veterans’ Compensation COLA Act of 2016 Increases VA Benefits
Is there a doctor in the House? Actually, there are a few, but today we are particularly thankful for one: Representative Ralph Abraham, M.D., representing the Fifth District of Louisiana, whose bill, HR 5588, won bipartisan approval and was signed by President Obama on Friday, July 22. The new law, Veterans’ Compensation COLA Act of 2016, sets a December 1 deadline for the Department of Veterans Affairs to provide cost-of-living adjustments to:
- Veterans’ disability compensation
- Additional compensation for dependents
- Clothing allowances for certain disabled veterans
- Dependency and indemnity compensation for surviving spouses
The precise amounts of the increases are not known, but rates are required to match the cost-of-living adjustment under Title II of the Social Security Act.
Congressman Abraham was quoted in USA Today saying, “I’m proud to have led the bipartisan effort in Congress to provide for our American heroes. This COLA adjustment will help bring increased financial security to our veterans and their families. Our veterans served our country, and now we have to make sure they receive the benefits they deserve for their sacrifice.”
A companion bill, HR 677, the American Heroes COLA Act, that would make cost-of-living adjustments automatic each year, has passed the House and is awaiting action in the Senate.
Marcari, Russotto, Spencer & Balaban applauds Rep. Abraham and the members of Congress who supported this act. Our veterans should receive a level of benefits commensurate with the value of their service.
If you or a veteran you love has been denied VA benefits, our accredited veterans’ disability benefits attorneys are ready to help. Call Marcari, Russotto, Spencer & Balaban today at 866-866-VETS or contact us online.