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Veterans' COLA Act of 2023

Source: Congress.gov  ·  556 words in original text
This bill increases payment amounts for veterans with service-connected disabilities and their survivors, effective December 1, 2023. The payment increases will match the same percentage increase used for Social Security benefits. The Secretary of Veterans Affairs must publish the new payment amounts in the Federal Register.
- Veterans with service-connected disabilities receiving disability compensation - Survivors of disabled veterans receiving dependency and indemnity compensation (a monthly payment to family members of deceased or severely disabled veterans) - Surviving spouses of disabled veterans - Children of disabled veterans - Veterans receiving clothing allowances
- The Secretary of Veterans Affairs increases all disability compensation dollar amounts by the same percentage as Social Security benefits increase (Sec. 2(a) and 2(c)) - The increases apply to wartime disability compensation, additional compensation for dependents, clothing allowances, and dependency and indemnity compensation for surviving spouses and children (Sec. 2(b)) - The Secretary must publish all adjusted payment amounts in the Federal Register by the same deadline required for publishing Social Security adjustments (Sec. 3) - The Secretary may administratively adjust disability compensation rates for certain veterans under an earlier law to match these increases (Sec. 2(d))
All veteran disability payments and survivor benefits increase by the same percentage as Social Security benefits increase for 2023. Veterans and survivors will receive higher monthly payments starting December 1, 2023.
None defined in bill text.
December 1, 2023
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.