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A medical retirement may be unavoidable for some who can no longer work due to disability or illness. In that case, there are benefit opportunities out there, such as for veterans.
The VA offers several education and career readiness programs including tuition assistance, vocational training, and career counseling. [6] The Post-9/11 Veterans Educational Assistance Act of 2008 (commonly known as the "Post 9/11 GI Bill") provides full tuition and fees at four-year colleges or other qualified educational programs for Veterans who served on active duty for at least 3 years ...
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This summary is based largely on the summary provided by the Congressional Research Service, a public domain source. [1]The Veterans' Compensation Cost-of-Living Adjustment Act of 2014 would direct the Secretary of Veterans Affairs to increase, as of December 1, 2014, the rates of veterans' disability compensation, additional compensation for dependents, the clothing allowance for certain ...
The accrued rate is 1.5% of gross wages for the 5 years prior to disability retirement. The disability pension can also be increased by a rehabilitation benefit which is an additional 33% of the original pension amount. (2019)
Aid and Attendance is an amount awarded in addition to the basic pension. This benefit takes into account a person's unreimbursed (out-of-pocket) medical expenses. These medical expenses are subtracted from a person's gross income to determine eligibility. [8] A veteran is eligible for Aid and Attendance when he or she
Sources. Retirement Insecurity 2024: Americans’ Views of Retirement, National Institute on Retirement Security.Accessed September 11, 2024. Cost-of-Living Adjustment (COLA) Information for 2024 ...
In 2012 the General Accountability Office reported that "VA's modifications of the medical information in the disability criteria have been slow and have not fully incorporated advances in technology and medicine. Moreover, the rating schedule has not been adjusted since its creation in 1945 to reflect ongoing changes in the labor market."
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