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Veterans will see same cost-of-living boost in 2021 as Social Security beneficiaries

September 30, 2020

From the Military Times website

Veterans receiving government benefits will see a cost-of-living boost in 2021, if Social Security officials approve one for their recipients later this year.

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.

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