Veterans Receving Social Security Benefits Expected to see Cost-of-Living Boost

Veterans receiving social security benefits are expecting to see a cost-of-living boost next year with the exact increase expected to be announced in the coming weeks. In 2019, the figure was 1.6 percent and in 2018 it was 2.8 percent.

According to an article published by Military Times, “On Thursday, the Senate unanimously passed legislation to link the two federal payouts, sending it to the White House to become law. President Donald Trump is expected to sign the measure in the next few days. The bill is not controversial and routinely passes Congress each year without opposition. But, under current law, lawmakers must approve linking the two increases in order for veterans to see the pay boost. Efforts to permanently tie the two sets of increases have made little progress in recent years.”