Search Results: keywords:"pension increase"

  • H. R. 695 — An Act To amend title 38, United States Code, to increase the rate of the special pension payable to Medal of Honor recipients, and for other purposes.
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    Status:Referred in Senate
    Words:676

    H. R. 695, also known as the “Medal of Honor Act,” aims to amend title 38 of the United States Code to increase the special pension for Medal of Honor recipients. The bill proposes adjusting the pension rate to match the amount given to certain veterans without dependents,...

    Simple Explanation

    The Medal of Honor Act wants to give more money each month to brave soldiers who have received the Medal of Honor, but it doesn't say exactly how much more money that will be. Even though it's a nice idea, the plan might be confusing because we don't know where the extra money will come from or how much it will cost.

  • H. R. 695 — To amend title 38, United States Code, to increase the rate of the special pension payable to Medal of Honor recipients, and for other purposes.
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    Status:Introduced in House
    Words:558

    H.R. 695, also known as the “Medal of Honor Act,” proposes changes to U.S. law to increase the special pension paid to Medal of Honor recipients. If enacted, it would raise the monthly pension for living Medal of Honor recipients from $1,406.73 to $8,333.33. Additionally, the...

    Simple Explanation

    This bill wants to give more money every month to people who have won a special award called the Medal of Honor, raising their monthly money from about $1,400 to over $8,000, to better show how much we appreciate their bravery. It also makes sure that if a Medal of Honor winner passes away, their husband or wife keeps getting some money too.