Representative Angie Craig Helps to Secure Increased Compensation and Benefits for Veterans

Press Release

WASHINGTON -- Yesterday, U.S. Representative Angie Craig helped pass the Veterans' Compensation Cost-of-Living Adjustment Act of 2021, bipartisan legislation that would increase the rates of compensation for Veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled Veterans. The increase would be in accordance with the Bureau of Labor Statistics' Consumer Price Index, the same index that determines the annual rate adjustments for Social Security benefits. Once signed into law, the cost-of-living adjustment for Veterans would go into effect on December 1, 2021.

"I'm so pleased that the House and Senate have come together to pass bipartisan legislation to provide a cost-of-living adjustment for our Veterans with service-connected disabilities and survivors of disabled Veterans," said Representative Craig. "I'll continue working across the aisle to ensure that we support those who've sacrificed so much in service to our nation."

The Veterans' COLA is usually, but not automatically, enacted each year and is already anticipated in the Congressional Budget Office's baseline, which means this bill is budget-neutral and will provide disabled Veterans additional certainty from year to year.

Source