U.S. Senator Jerry Moran, a member of the Senate Committee on Veterans’ Affairs has joined U.S. Senators Johnny Isakson and Richard Blumenthal to introduce bipartisan legislation to increase veterans’ disability benefits from the Department of Veterans Affairs.

The Veterans’ Compensation Cost-of-Living Adjustment Act of 2015 ( S. 1493 ) would increase the rates of VA disability compensation, dependency compensation for surviving children and spouses, and the clothing allowance for veterans based on rising costs of living.

The cost-of-living adjustment, which is equal fo the amount of the adjustment given to Social Security recipients is determined by the Bureau of Labor Statistics’ Consumer Price Index on a yearly basis. Other VA benefits, such as pension, are by law adjusted annually based on the Social Security cost-of-living adjustment. However, the VA benefits addressed in Senate Bill 1493 require annual legislation in order to receive an equivalent increase. The cost-of-living adjustment for veterans would go into effect on Dec. 1, 2015.