|
Home | Forums | Gallery | Register | Video Directory | FAQ | Members List | Calendar | Games | Today's Posts | Search | Chat Room |
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
VA Increases Payments to Medal of Honor Recipients
VA Increases Payments to Medal of Honor Recipients
(EXCERPT) Wednesday October 8, 1:01 pm ET WASHINGTON, Oct. 8 /PRNewswire/ -- Monthly federal payments to 136 living recipients of the Medal of Honor are rising 67 percent this month. Since at least World War I, the federal government's agency for veterans - - now the Department of Veterans Affairs (VA) -- has paid a monthly stipend to holders of the military's highest decoration for combat valor. Under the new rates, the payments will rise from $600 monthly to $1,000 monthly. "This increase reflects in small part the thanks of President Bush and a grateful nation for the uncommon valor and bravery of these veterans," said VA Secretary Anthony J. Principi. "They are living examples of sacrifice, love of country and dedication to duty." The increase was authorized by the Veterans Benefits Act of 2002 (Public Law 107-330), which also set up a formula for future increases in the Medal of Honor stipend based on the annual rate of inflation. Previously, each increase in the Medal of Honor stipend required a specific act of Congress. The rate went from $10 in 1916 to $100 in 1961, $200 in 1979, $400 in 1993 and $600 in 1998. The new law also provides for a retroactive payment of stipends to cover the period between the act of valor and the awarding of the Medal of Honor. For those previously non-covered months or years, the payment will be based on the rate in effect at the time of the act of valor. Adjustment checks covering the month of September and any retroactive payments due will be released to Medal of Honor recipients this month. The new rate will be reflected in regular monthly payments starting Nov. 1. VA supported legislation for the rate increase, inflation adjustments and retroactive payments. The benefits will total approximately $6.1 million through fiscal year 2012. Source: U.S. Department of Veterans Affairs... U.S. and friendly nation laws prohibit fully reproducing copyrighted material. In abidance with our laws this report cannot be provided in its entirety. However, you can read it in full today, 08 Oct 2003, at the following URL. (COMBINE the following lines into your web browser.) The subject/content of this report is not necessarily the viewpoint of the distributing Library. This report is provided for your information and discussion. http://biz.yahoo.com/prnews/031008/dcw051_1.html --------------------------- Otis Willie Associate Librarian The American War Library http://www.americanwarlibrary.com |
Sponsored Links |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Medal Of Honor Recipient | frisco-kid | Vietnam | 13 | 09-15-2006 08:53 AM |
Medal Of Honor | reeb | General Posts | 2 | 01-22-2004 10:50 AM |
Vietnam War Medal of Honor Recipients | Otis Willie | General | 1 | 09-06-2003 10:23 PM |
Medal of Honor Winner Dies | usmcsgt65 | Korea | 0 | 04-28-2002 08:51 AM |
Medal of Honor Winner Gone. | TVZ | Veterans Memorials | 0 | 04-23-2002 09:11 PM |
|