Bill > H3863

This bill amends Chapter 59 of the General Laws by adding a new section that requires annual adjustments to veteran benefits based on the average cost of living adjustment (COLA) in Massachusetts. A COLA is an increase in benefits designed to help recipients keep pace with inflation by matching the rising cost of goods and services. Specifically, the bill mandates that all benefits under section 5 of the chapter will be automatically increased each year to reflect the average cost of living changes across the state, which aims to ensure that veteran benefits maintain their real-world value over time and provide more consistent financial support to veterans as economic conditions change.

Military Affairs and Security

https://malegislature.gov/Bills/194/H3863