Veteran's pension
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A veteran's pension is a pension for veterans of the United States armed forces.
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[edit] United States
In the United States, the veterans' pension system is managed by the Department of Veterans Affairs.
[edit] 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[1]
[edit] 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; diving it by 12 results in the monthly pension.[2]
[edit] Additional Benefits
In addition to the monthly payments, certain veterans may be eligible for additional benefits.
[edit] Aid and Attendance
A veteran is eligible for Aid and Attendance when the veteran:
- Requires the aid of another person to preform everyday functions (bathing, eating, dressing, etc.)
- Is bedridden
- Is a patient in a nursing home
- Is blind or nearly blind
[edit] 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[3]
[edit] References
- ^ Veterans Pension. The White House. Retrieved on March 10, 2007.
- ^ Military Benefits. Military.com. Retrieved on March 10, 2007.
- ^ Veterans Pension. Department of Veterans Affairs (January 12, 2007). Retrieved on March 10, 2007.
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