Friday, September 21, 2012

2013 COLA estimate for veterans disability compensation

Article Title: S. 2259, Veterans' Compensation Cost-of-Living Adjustment Act of 2012

Snippet of Article: "... Because the COLA is assumed in CBO’s baseline, the COLA provision would have no budgetary effect relative to the baseline. Relative to current law, CBO estimates that enacting this bill would increase spending for those programs by $686 million in fiscal year 2013. (The annualized cost would be about $915 million in subsequent years.) This estimate assumes that the COLA effective on December 1, 2012, would be 1.3 percent. ..."

Article Source: www.cbo.gov