A pension is an important part of a person's finances. This is especially true for those receiving veteran's pensions. Many families in Oklahoma rely on this money that is given to those who have bravely served this country. There are certain qualifications a person needs in order to receive a military pension.
Oklahoma residents may be pleased to hear that in 2018 United States veterans, as well as Social Security benefit recipients, will receive the largest cost-of-living increase since 2012. Beginning December 1, 2017, all will see a 2 percent increase in payments. This will amount to approximately $25 for the average veteran, that is, about an additional $300 in 2018. The larger increase is due in part to a disastrous hurricane season in 2017. Both hurricanes Harvey and Irma wreaked significant havoc, driving gas and other prices up.
Veterans are valued members of society in Oklahoma and across the United States. Their service and sacrifice is appreciated by a grateful nation, and they deserve to be treated well. A veteran may be entitled to numerous financial benefits because of their service.
Oklahoma military veterans have access to a lot of benefits, some of which are available through the many programs the Department of Veterans' Affairs administers. One of these programs involves a pension plan for which disabled vets or veterans over the age of 65 can qualify. This pension program is separate from the program the Department uses to compensate veterans who get disabled while in the service.
Many of our country's soldiers and sailors who were willing to sacrifice their lives are, quite rightly, eligible for many different types of benefits administered by the federal Department of Veterans' Affairs.
Oklahoma veterans are some of the most important people in our state. Their sacrifice to keep us safe here in the United States can never be repaid. This is one of the reasons why it is so important for communities to take care of their veterans. One way that the government tries to help veterans is by offering them certain benefits. For example, some veterans are eligible for pensions. There are requirements that these veterans need to meet in order to be eligible and veterans' pension issues can arise from certain situations.