Pensions For Veterans
Not everyone knows that the Veteran's Administration will pay a pension to
veterans of wartime service who have a limited income and who are either over 65
or permanently and totally disabled.
If your parent - or anyone else you might know - fits any of the criteria
below and he or she hasn't applied for pension benefits it might be a good idea
to look into this. I have met several vets who were barely making it and who had
no idea they might be eligible for some financial assistance.
The VA tends to some fairly convoluted explanations of its programs. Here's
the gist of how VA Pensions work
Pension Eligibility Requirements:
- The veteran was not dishonorably discharged from service;
- The veteran served 90 days or more of active duty, with at least one (1) day
being during a period of war time (the veteran does not have to have served in
combat or overseas on this one day);*
- The veteran is permanently and totally disabled OR age 65 or
older.
*If the veteran enlisted after Sept. 7, 1980 he or she must have served at
least 24 months or the full period for which he or she was ordered to active
duty. Any service from August 20, 1990 to the present is considered to be a
period of war. Other periods of war are WWII, Korea and Vietnam.
Income Limits For VA Pensions
The income limit to qualify for a VA pension is adjusted for inflation every
year. In order that we stay current we're giving you a link so you can see the
latest income limit
information available from the VA.
How Much Will The VA Pay?
The VA will pay the difference between the veteran's countable income and the
yearly income limit. This benefit is usually paid in 12 equal monthly
installments. Welfare benefits and Supplemental Security Income are not usually
counted toward the annual income limit.
How Does A Veteran Apply For Pension Benefits?
A veteran who meets the income guidelines can apply for Pension Benefits
online. You might have to help if your veteran isn't very comfortable with
computers. There are also State Veterans' Benefits Counselors who can assist
with these applications at no charge. You can locate the closest Benefits
Counselor by contacting your closest VA
Regional Office.
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