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P R E S S R E L E A S E - Friday September 29, 2006

House to vote on veterans’ cost-of-living adjustment legislation

S. 2562, as amended, the Veterans’ Compensation Cost- of-Living Adjustment Act of 2006

Washington, D.C. –The House anticipates that S. 2562, the Veterans’ Compensation Cost-of-Living Adjustment Act of 2006, will be considered on the House floor tonight. S. 2562 will provide, effective December 1, 2006, a cost-of-living adjustment to the rates of disability compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation paid to certain spouses and dependent children of service-disabled veterans.

S. 2562 is anticipated to pass the House this weekend by unanimous consent and will be sent to the president for his signature.

“This is one of the more important pieces of legislation the Veterans’ Affairs Committee brings to the floor each year,” said Chairman Steve Buyer (R-Ind.).

“Each year since 1976, Congress has provided a cost-of-living adjustment to the benefits provided to our nation’s disabled veterans and their survivors. I am proud that we will be able to deliver this important increase to our veterans,” said Subcommittee on Disability and Assistance Chairman Jeff Miller (R-Fla.).

Note: The Congressional Budget Office is projecting a 2.6 percent increase.

However, it may be higher or lower depending on changes in the Consumer Price Index.

The exact percentage will be calculated as of October 1, 2006, and the COLA will go into effect on December 1, 2006.

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Larry Scott

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