The proposed bill, titled "An Act establishing a cost-of-living adjustment for the disabled veteran annuity," seeks to amend Section 6B of chapter 115 of the General Laws of Massachusetts. The bill introduces a provision that mandates an annual cost-of-living adjustment for the disabled veteran annuity payments. Specifically, it stipulates that these payments will be adjusted based on the same percentage as the annual cost-of-living adjustments determined by the United States Social Security Administration for Social Security and Supplemental Security Income.
The amendments are made in three separate paragraphs of Section 6B, ensuring that the cost-of-living adjustment applies uniformly across all relevant payment categories. This legislative change aims to enhance the financial support provided to disabled veterans by aligning their annuity payments with inflation and cost-of-living increases, thereby improving their economic stability.
Statutes affected: Bill Text: 115-6B