Senate Approves Cost-of-Living-Adjustment for Veterans Benefits

Last week the Senate approved a two percent cost of living allowance for veteran’s benefits. The increase will start being paid December 2017. The increase, which covers disability pay, dependent compensation, clothing allowances and other related benefits had been approved by the House of Representatives last May. The Senate approved the bill and the President signed the bill into law last week. The increase is the same that military retirees will be getting in their retired pay for next year.