Obama signs 1.7 percent veterans’ COLA hike
Army Times
By Rick Maze
Staff writer
Posted : Tuesday Nov 27, 2012
President Obama has signed into law a bill guaranteeing 4 million veterans and survivors will receive the same 1.7 percent cost-of-living adjustment in their benefits that is going to Social Security recipients and military retirees.
The increase takes effect on Dec. 1, and should first appear in January payments.
While the dollar amount of the increase varies by disability rating, the average increase for the year will be $500, said Sen. Jon Tester, D-Mont., one of the chief sponsors of the veterans’ COLA bill.
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