Benefit Programs (continued) >>
Benefit
Programs (continued)
Pension
Improved Pension |
Protected Pension Programs |
Medal of Honor Pension
Veterans with low incomes who are permanently and totally disabled, or are age 65 and older, may be eligible for monetary support if they have 90 days or more of active military service, at least one day of which was during a period of war. Generally, veterans who entered active duty on or after Sept. 8, 1980, or officers who entered active duty on or after Oct. 16, 1981, may have to meet a longer minimum period of active duty. The discharge from active duty must have been under conditions other than dishonorable. The permanent and total disability must be for reasons other than the veteran's own willful misconduct. Payments are made to qualified veterans to bring their total income, including other retirement or Social Security income, to a level set by Congress. Unreimbursed medical expenses may reduce countable income. Veterans of a period of war who are age 65 or older and meet service and income requirements are also eligible to receive a pension, regardless of current physical condition.
Improved
Pension
The Improved
Pension program provides for the maximum annual rates listed in
the "Tables" section of
this booklet. The payment is reduced by the amount of the countable
income of the veteran and the income of the spouse or dependent
children. When a veteran without a spouse or a child is furnished
nursing-home or domiciliary care by VA, the pension is reduced
to an amount not to exceed $90 per month after three calendar
months of care. The reduction may be delayed if nursing-home care
is being continued for the primary purpose of providing the veteran
with rehabilitation services.
Protected
Pension Programs
Pensioners
entitled to benefits as of Dec. 31, 1978, who do not elect to
receive a pension under the Improved Pension program, continue
to receive pension benefits at the rate they were entitled to
receive on Dec. 31, 1978, as long as they remain permanently and
totally disabled, do not lose a dependent, a dependent pensioner
retains surviving spouse or child status, net worth limitations
are not exceeded, and their incomes do not exceed the income limitation,
adjusted annually.
Medal
of Honor Pension
VA administers
pensions to holders of the Medal of Honor. Congress set the monthly
pension at $1000 effective Sept. 1, 2003.
Benefit Programs (continued) >>
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