COLA Has No Round-down

President Obama has signed off on a 1.5 percent cost-of-living increase for VA compensation and pension benefits that, for the first time in years, ends a Department of Veterans Affairs practice of rounding down payments.

The Veterans’ Compensation Cost-of-Living Adjustment Act ties annual increases for veterans benefits to the same Bureau of Labor Statistics consumer price index used to adjust Social Security benefits. For the coming year, the measure would increase benefits in 2014 for almost 4 million veterans, dependents and survivors.