Sen. Bernie Sanders, chairman of the Senate Committee on Veterans’ Affairs, said he is “disappointed” by Wednesday's announcement of only a 1.7 percent increase in the cost-of-living adjustment for Social Security beneficiaries and disabled veterans. “At a time when the prices of prescription drugs and electricity are skyrocketing, I am disappointed that seniors and disabled veterans will only be getting a 1.7 percent increase next year,” said Sanders. “This is the third year in a row that the cost-of-living adjustment will be less than 2 percent.”
The cost-of-living adjustment is one of the smallest increases since the automatic annual adjustments were adopted in 1975. (There was no increase in benefits in 2010 or 2011.)
- GI Bill: New education benefits will soon be available for the spouses of service members who have died in the line of duty since 9/11, Stars & Stripes reported. Sen. Bernie Sanders, the Senate Committee on Veterans' Affairs chairman, included the provision in a VA bill that Congress passed in August.