Veterans Compensation Adjustment Act of 2000
Statement on Veterans Compensation Adjustment Act of 2000
(EXCERPT) THE WHITE HOUSE
Office of the Press Secretary For Immediate Release November 1, 2000
STATEMENT BY THE PRESIDENT
Today I am pleased to sign into law H.R. 4850, the "Veterans'
Compensation Cost-of-Living Adjustment Act of 2000." The Act directs
the Secretary of Veterans Affairs to provide a cost-of-living
adjustment (COLA) in benefits for service-disabled veterans and their
surviving spouses and children, effective December 1, 2000. It
provides for higher payments of disability compensation to veterans
who suffer from service-connected disabilities and for higher payments
of dependency and indemnity compensation for the surviving spouses and
children of servicemembers and veterans whose deaths were
service-connected. Consistent with the proposal in my Fiscal Year 2001
Budget, the COLA in these benefits is equal to the one that will be
provided under current law to Social Security beneficiaries and
veterans pension recipients: 3.5 percent. This Act ensures that the
value of these well-deserved benefits will keep pace with inflation.
This group of American citizens deserves our Nation's gratitude,
particularly those who have suffered disability or have made the
supreme sacrifice while serving their country and protecting our
freedom. This Act expresses our appreciation for and continued
commitment to these brave men and women.
WILLIAM J. CLINTON
THE WHITE HOUSE, November 1, 2000.