House clears bill to provide veterans with cost-of-living adjustment
The House on Monday easily cleared legislation to provide veterans with disabilities tied to their military service who receive compensation payments with an annual cost-of-living adjustment.
The bill, which the House passed 423-0, now heads to President Biden for his signature. The Senate previously passed the bill by unanimous consent in late July.
The cost-of-living adjustment (COLA) to reflect annual inflation for veterans' disability payments, as well as compensation for survivors, would increase at the same rate as Social Security payments effective Dec. 1. That rate is determined by the consumer price index as calculated by the Bureau of Labor Statistics.
"The yearly COLA increase demonstrates the appreciation from a grateful nation in recognition of the service and sacrifice of those who volunteer to wear the uniform of our country," said House Veterans' Affairs Committee Chairman Mark Takano (D-Calif.).
https://www.msn.com/en-us/news/politics/house-clears-bill-to-provide-veterans-with-cost-of-living-adjustment/ar-AAOEbYX
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