To amend title 38, United States Code, to provide for an annual increase in the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans, and for other purposes.

Key Points

• This bill would guarantee that veterans with service-connected disabilities receive a pay raise every year. It also applies to the families of veterans who receive survivor benefits.
• The raises would happen automatically every December 1st. This removes the need for Congress to pass a new law every single year just to keep benefits in line with inflation.
• The size of the increase would be tied to the same cost-of-living adjustment used for Social Security. This ensures that veterans' benefits keep up with the rising costs of everyday items like groceries and housing.
• The policy covers various types of support, including monthly disability payments, extra help for veterans with dependents, clothing allowances, and monthly checks for surviving spouses and children.
• If passed, these automatic increases would begin taking effect about six months after the bill becomes law.