This bill raises the VA’s special monthly pension for living Medal of Honor recipients to about $8,333 and sets a $1,406.73 monthly pension for surviving spouses. Both amounts must go up each year to keep pace with inflation. It also recognizes the extraordinary bravery of Medal of Honor recipients noted in the bill’s findings.

Key points:

• Who is affected: living Medal of Honor recipients and their surviving spouses.
• What changes: higher monthly payments; annual inflation adjustments; no more than one increase in a single year; and an extension of existing limits on certain VA pension payments through January 31, 2033 .