Thursday, December 30, 2010

No COLA Again for Vets


Update on Cost-of-Living Adjustment for Veterans Compensation and
Pension Benefits in 2011
COLA Tied to Social Security and Consumer Price Index

WASHINGTON (Dec. 30, 2010) - The Social Security Administration has
announced that no cost-of-living adjustments will be made to Social
Security benefits in 2011 because the consumer price index has not risen
since 2008 when the last Social Security increase occurred.

Like recipients of Social Security and other federal benefits, Veterans,
their families and survivors will also not see a cost-of-living
adjustment in 2011 to their compensation and pension benefits from the
Department of Veterans Affairs (VA).

Under federal law, the cost-of-living adjustments to VA's compensation
and pension rates are the same percentage as for Social Security
benefits.

VA provides compensation and pension benefits to about four million
Veterans and beneficiaries.  For more information about VA benefits, go
to www.va.gov <http://www.va.gov/>  or call 1-800-827-1000.