Veteran's pension

Veteran's pension

A veteran's pension is a pension for veterans of the United States armed forces.

United States

In the United States, the veterans' pension system is managed by the Department of Veterans Affairs.

Eligibility

Someone is generally eligible for veteran's pension if:
#They were not discharged for dishonorable reasons
#Served 90 days of active military duty, at least 1 of which was during a wartime period
#Family income is below a certain yearly limit
#Are 65 years or older, or are permanently disabled [cite web| url=http://www.vba.va.gov/bln/21/pension/vetpen.htm| title=Veterans Pension| year=| accessdate=2008-06-19| publisher=Department of Veterans Affairs]

Calculation

The annual pension is calculated by adding all of the person's countable income. Any deductions are then subtracted from that total. The remaining total is deducted from the maximum pension limit (taking into account number of dependents, spouse, etc.). This final number is the yearly pension; dividing it by 12 results in the monthly pension. [cite web| url=http://www.military.com/benefits/military-pay/veterans-pensions| title=Military Benefits| year=| accessdate=2007-03-10| publisher=Military.com]

Additional Benefits

In addition to the monthly payments, certain veterans may be eligible for additional benefits.

Aid and Attendance

A veteran is eligible for Aid and Attendance when the veteran:
#Requires the aid of another person to perform everyday functions (bathing, eating, dressing, etc.)
#Is bedridden
#Is a patient in a nursing home
#Is blind or nearly blind

Housebond

A veteran is eligible for Housebond benefits when the veteran:
#Has a single permanent disability that results in the veteran's confinement to his or her immediate premises
#Has a single permanent disability rated as 100% disabling and a secondary disability rated as being 60% disabling [cite web| url=http://www.vba.va.gov/bln/21/pension/vetpen.htm#7| title=Veterans Pension| date=January 12 2007| accessdate=2007-03-10| publisher=Department of Veterans Affairs]

References


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