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7345969
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H.R. 14298 - Veterans and Survivors Pension Adjustment Act of 1976 [Fact Sheet]
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Source metadata
id
7345969
sourceUrl
contentType
document
title
H.R. 14298 - Veterans and Survivors Pension Adjustment Act of 1976 [Fact Sheet]
citationUrl
collections
White House Press Releases (Ford Administration)
Press Releases
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U.S. House of Representatives. (03/04/1789 - )
Legislation
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7345969
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30
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1976-09-30
month
9
year
1976
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nara-archive
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1
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f9e468bb3fc9c460
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Digitized from Box 31 of the White House Press Releases at the Gerald R. Ford Presidential Library
FOR IMMEDIATE RELEASE
September 30, 1976
Office of the White House Press Secretary
THE WHITE HOUSE
FACT SHEET
H.R. 14298 - VETERANS AND SURVIVORS PENSION
ADJUSTMENT ACT OF 1976
H.R. 14298 alters existing veteran and survivor pension
programs and the parents dependency indemnity and
compensation program (DIC) all of which are managed
by the Veterans Administration by:
-
Continuing a temporary 8 percent increase in
benefits which was granted on January 1, 1976
(P.L. 94-169) that was due to lapse on
September 30, 1976.
-
Providing a further increase in benefits of
7 percent to be effective January 1, 1977,
which would affect 2.3 million veterans,
dependents and survivors.
-
Mandating a study of the present veterans
pension program to determine its adequacy
and whether reform of the current program
is necessary or feasible.
-
Increasing the rate of a veteran's pension
by 25 percent upon attainment of age
seventy-eight.
-
Increasing maximum income limitations,
effective January 1, 1977 for old and new
law pensioners and parents entitled to DIC
(from $3,300 to $3,540 for veterans or
surviving spouses without dependents, and
for a single parent, from $4,500 to $4,760
for pensioners with dependents or parents
living together or with a spouse under
current law, corresponding increases from
$2,900 to $3,100 and $4,200 to $4,460,
respectively, for those veterans and
surviving spouses under the prior pension
law, and unearned income limitation for
childen under current law from $2,700 to
$2,890).
-
The Veterans Administration estimates that
enactment of H.R. 14298 will cost approximately
$432 million for fiscal year 1977.
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