Veterans' Compensation Cost-of-Living Adjustment Act of 2010

Bill 111 hr 4667, also known as the Veterans' Compensation Cost-of-Living Adjustment Act of 2010, was introduced in the US Congress to provide a cost-of-living adjustment (COLA) for veterans receiving disability compensation and dependency and indemnity compensation (DIC). The purpose of this bill was to ensure that these benefits keep pace with inflation and the rising cost of living.

The bill proposed a COLA increase of 1.9% for veterans' disability compensation and DIC benefits, which would be effective as of December 1, 2010. This adjustment was based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the previous year.

The bill aimed to provide financial support to veterans and their families who rely on these benefits to meet their basic needs. By adjusting the compensation rates annually based on inflation, the bill sought to ensure that veterans and their families are not financially disadvantaged due to rising costs. Overall, the Veterans' Compensation Cost-of-Living Adjustment Act of 2010 was a bipartisan effort to support and honor the sacrifices made by veterans in service to their country. It aimed to provide them with the financial assistance they need to maintain a decent standard of living and access necessary resources and services.