COLA Legislation Sent to President for Signature
Posted: Fri Nov 04, 2011 3:26 pm
Veterans COLA bill sent to President for signature. Veterans expect to see 3.6% COLA increase when bill becomes law
News From The …
COMMITTEE ON VETERANS' AFFAIRS
Jeff Miller, Chairman, 335 Cannon House Office Building,
Washington D.C. 20515
IMMEDIATE RELEASE
November 2, 2011
CONTACT: Amy Mitchell (202) 225-3527
COLA for Veterans Sent to the President
WASHINGTON, D.C. – Today, the U.S. House of Representatives passed by the 2012 Cost of Living Adjustment (COLA) for veterans receiving compensation for service-connected disabilities. The COLA also affects the rates of dependency and indemnity compensation of veterans who died as a result of service.
Although Congress has passed a COLA every year for veterans since 1976, there has not been an increase since 2009. The COLA is tied to the Consumer Price Index, which also adjusts benefits for Social Security recipients.
“I am very happy that during these tough economic times, we are able to provide our wounded veterans with a Cost of Living Adjustment this year,” stated Rep. Jeff Miller, Chairman of the House Committee on Veterans’ Affairs. “Due to low inflation the past two years, our veterans have not received an increase. This additional income will help them make ends meet in the coming year.”
In May, the House passed by H.R. 1407, the companion bill to S. 894, which was voted on today. The 3.6% COLA increase will go into effect on December 1, 2011, once the legislation is signed into by law by the President.
http://veterans.house.gov/sites/republi ... 0FINAL.pdf
NEWS FROM
U.S. SENATE COMMITTEE ON VETERANS AFFAIRS
Chairman Murray Passes Veterans Cost-of-Living Increase to Allow Veterans to Share in Critical Benefit Boost for the First Time in Two Years.
Murray's bill, which passed the Senate yesterday, would result in more money in the pockets of millions of veterans across the country
(Washington, D.C.) – Today, U.S. Senator Patty Murray, Chairman of the Senate Veterans’ Affairs Committee, announced that a bill that she sponsored to provide a Cost-of-Living Adjustment (COLA) for America’s veterans has passed the U.S. Senate. The COLA for veterans will match the 3.6 percent annual increase provided to Social Security recipients, which on Wednesday was announced, will happen this year for the first time since 2009. The Veterans COLA would affect several important benefits, including veterans’ disability compensation and dependency and indemnity compensation for surviving spouses and children. It is projected that over 3.9 million veterans and survivors will receive compensation benefits in Fiscal Year 2012.
“A cost-of-living increase for our veterans is long overdue and well deserved,” said Senator Murray. “Particularly in this difficult economy, our veterans deserve a boost in their benefits to help make ends meet. This is an important step for our veterans, especially on the heels of news that a COLA will be provided for the first time since 2009.”
The COLA is designed to offset inflation and other factors that lead to the rising cost of living over time. The COLA rate is based on the Bureau of Labor Statistics Consumer Price Index
http://www.veterans.senate.gov/press-re ... fa790a5b36
News From The …
COMMITTEE ON VETERANS' AFFAIRS
Jeff Miller, Chairman, 335 Cannon House Office Building,
Washington D.C. 20515
IMMEDIATE RELEASE
November 2, 2011
CONTACT: Amy Mitchell (202) 225-3527
COLA for Veterans Sent to the President
WASHINGTON, D.C. – Today, the U.S. House of Representatives passed by the 2012 Cost of Living Adjustment (COLA) for veterans receiving compensation for service-connected disabilities. The COLA also affects the rates of dependency and indemnity compensation of veterans who died as a result of service.
Although Congress has passed a COLA every year for veterans since 1976, there has not been an increase since 2009. The COLA is tied to the Consumer Price Index, which also adjusts benefits for Social Security recipients.
“I am very happy that during these tough economic times, we are able to provide our wounded veterans with a Cost of Living Adjustment this year,” stated Rep. Jeff Miller, Chairman of the House Committee on Veterans’ Affairs. “Due to low inflation the past two years, our veterans have not received an increase. This additional income will help them make ends meet in the coming year.”
In May, the House passed by H.R. 1407, the companion bill to S. 894, which was voted on today. The 3.6% COLA increase will go into effect on December 1, 2011, once the legislation is signed into by law by the President.
http://veterans.house.gov/sites/republi ... 0FINAL.pdf
NEWS FROM
U.S. SENATE COMMITTEE ON VETERANS AFFAIRS
Chairman Murray Passes Veterans Cost-of-Living Increase to Allow Veterans to Share in Critical Benefit Boost for the First Time in Two Years.
Murray's bill, which passed the Senate yesterday, would result in more money in the pockets of millions of veterans across the country
(Washington, D.C.) – Today, U.S. Senator Patty Murray, Chairman of the Senate Veterans’ Affairs Committee, announced that a bill that she sponsored to provide a Cost-of-Living Adjustment (COLA) for America’s veterans has passed the U.S. Senate. The COLA for veterans will match the 3.6 percent annual increase provided to Social Security recipients, which on Wednesday was announced, will happen this year for the first time since 2009. The Veterans COLA would affect several important benefits, including veterans’ disability compensation and dependency and indemnity compensation for surviving spouses and children. It is projected that over 3.9 million veterans and survivors will receive compensation benefits in Fiscal Year 2012.
“A cost-of-living increase for our veterans is long overdue and well deserved,” said Senator Murray. “Particularly in this difficult economy, our veterans deserve a boost in their benefits to help make ends meet. This is an important step for our veterans, especially on the heels of news that a COLA will be provided for the first time since 2009.”
The COLA is designed to offset inflation and other factors that lead to the rising cost of living over time. The COLA rate is based on the Bureau of Labor Statistics Consumer Price Index
http://www.veterans.senate.gov/press-re ... fa790a5b36