WHO WE ARE:

The Veterans of Foreign Wars (VFW) monitors all legislation affecting veterans, alerts VFW membership to key legislation under consideration and actively lobbies Congress and the administration on veterans issues. With VFW’s own priority goals in mind, combined with the support of 2 million members of VFW and its auxiliaries, our voice on “the Hill” cannot be ignored!





Wednesday, November 14, 2012

Senate Passes COLA Increase for Vets

Yesterday, the Senate came back to work and wasted no time in passing a 1.7 percent cost-of-living allowance, or COLA, adjustment for veterans and dependents receiving compensation from VA.

The increase is set to go into effect on December 1.

The COLA increase bill, which passed the House in July, was temporarily held up prior to the Senate recess for this year's election. However, both sides were able to hammer out their concerns over the break, passing the bill by unanimous consent yesterday afternoon.

The increase in COLA affects VA compensation for disabled veterans and surviving spouses. The COLA bill ties the rate for veterans' COLA to increases in Social Security compensation, which are determined each year by the consumer price index, or CPI.

Every year, Congress must pass a bill linking veterans' COLA increases to increases in Social Security. As the next Congress convenes, the VFW will continue to push for legislation permanently tying veterans' COLA increases to Social Security.

During the 112th Congress, Rep. John Runyan, R-N.J., introduced a bill that would have fixed this COLA loophole. Despite VFW testimony and advocacy efforts, the bill failed to gain momentum after passing through the House VA Subcommittee on Disability Assistance and Memorial Affairs. To learn more about Runyan's bill, click here.

Your VFW will continue to fight for equitable increases in COLA for our veterans and surviving spouses. Check back regularly for updates.

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6 comments:

  1. Gee I won't know what to do with a whole 1.7% increase. Maybe buy a T-bone steak. I wonder how the Congress and Senate would like a 1.7 % increase.

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    1. I'm sure they would enjoy the steak; after all, they got an automatic 3% increase.

      Delete
  2. For me, that equates to $60 a month or roughly $2 a day. I can switch to espresso now? Paltry and truly a token gesture that means little especially out of the other side of their mouths, they will go after increases in Tricare.

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    1. They did not say we will give you a raise if you hurt your body....They just said do it

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  3. Sure beats those 2 years we got a "0"% increase. Ed

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  4. Hiya, is this your sole portal or you also have others?

    ReplyDelete

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