An Act relative to COLA adjustments for veteran benefits

Plain English Breakdown

The official source material does not provide details on how the cost of living adjustment is calculated.

Adjusting Veteran Benefits for Cost of Living

This act proposes to adjust veteran benefits annually based on a cost of living adjustment in Massachusetts.

What This Bill Does

• Changes how veteran benefits are adjusted each year according to the average cost of living adjustment in Massachusetts.

Who It Names or Affects

• Veterans receiving benefits from the state of Massachusetts.

Terms To Know

COLA

Cost of Living Adjustment, which is a change in benefit amounts to match increases in living costs.

Limits and Unknowns

• The bill does not specify how the cost of living adjustment will be calculated.
• It's unclear when or if this bill will become law.

Official Summary Text

An Act relative to COLA adjustments for veteran benefits
By Representative Lipper-Garabedian of Melrose, a petition (accompanied by bill, House, No. 3863) of Kate Lipper-Garabedian relative to COLA adjustments for veteran benefits. Veterans and Federal Affairs.

Current Bill Text

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Bill H.3863

Chapter 59 of the General Laws is hereby amended by inserting after section 5N the following section:-

Section 5½. All benefits pursuant to section 5 of this chapter shall be adjusted annually according to the average cost of living adjustment in the commonwealth.

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