NEWS: Cost-of-Living Boost Passes House!
Earlier today, House lawmakers successfully passed new legislation that would help to ensure a cost-of-living boost in the new year, as long as Social Security officials approve it for their recipients.
This legislation, in large part, is commonly a routine practice, however, it is facing a few more hurdles at the moment due to COVID-19, and the strength of the pandemic we’re currently facing.
The bill itself (COLA), which is sponsored by Rep. Elaine Luria, was verbally approved on Thursday morning via a voice-vote, without an objection. Rep. Luria is optimistic, that the Senate will look into the matter as soon as possible. “I haven’t heard of any problems,” said Luria.
Back at the start of the year, Veterans and Social Security recipients received a 1.6% COLA influx, which in itself was based on inflation and consumer spending calculations, spanning over the last few months of 2019.
What Will This Cover?
The benefits covered in this legislation would include the following:
- Disability Compensation
- Compensation for Dependents
- Clothing Allowances
- Dependency and Indemnity Compensation
Members of the House praised this bill and its successful passage as a key step in keeping their word in regards to the care the U.S. is providing for veterans, far after their military service has concluded.
“My husband & I highly recommend this law firm to any Veteran trying to navigate the endless red tape of the VA. We turned to Marcari, Russotto, Spencer & Balaban to handle my husbands’ appeal and could not have been happier. We enjoyed open and consistent communication regarding our case. Any questions we had were answered immediately.” – Michele D.
Claim Denied? Need Help? Schedule a Free Consultation Today!
Marcari, Russotto, Spencer & Balaban is prepared to help veterans with benefit-related issues, and also pursue substantial relief for victims of various debilitating diseases or injuries, all of which are directly related to and in conjunction with, prior military service.
If you or a loved one is in need of help, please call us today at (866) 866-VETS or contact us online for a free consultation – or, fill out the form below!
We take pride in being able to assist veterans all across the United States!