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S. 3032 (114th): Veterans’ Compensation Cost-of-Living Adjustment Act of 2016

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Jun 8, 2016.

Veterans' Compensation Cost-of-Living Adjustment Act of 2016

This bill directs the Department of Veterans Affairs to increase, as of December 1, 2016, the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain disabled veterans, and dependency and indemnity compensation for surviving spouses and children.

Each such increase shall be the same percentage as the increase in benefits provided under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act, on the same effective date.