How to find military pensions for veterans
The military pension has become a big deal for veterans and their families after the passage of the Military Retirement Modernization Act in 2014.
The Act, which passed the House but stalled in the Senate, made it easier for servicemembers to qualify for retirement benefits.
It also increased the amount of the military pension for retirees and their dependents.
The act was signed into law by President Barack Obama in 2015, and it became a priority of his administration to ensure servicemems have the opportunity to receive benefits in retirement.
Now, the Department of Veterans Affairs is considering expanding its military pension program, according to a report from The Hill.
The VA has been considering expanding the benefits of its military retirees, which include the maximum retirement pay of $72,600, the maximum annual disability payout of $2,350 and the maximum monthly benefit of $10,000.
It will also be expanding its benefits to active-duty members of the U.S. military and their spouses and dependents, the report said.
Currently, the VA only offers military pensions to veterans who are serving at least 30 years of active duty.
Currently the VA has approximately 690,000 active-service members.
The expansion of the benefits for military retirees is a big boon for the VA and veterans, the Hill report said, as well as the thousands of service members who rely on VA benefits for their healthcare.
The new program will help veterans, spouses and families get the maximum amount of retirement benefits possible and save money by saving on healthcare expenses, the article said.
The department is also considering extending the program to other veterans in the military.
If the expansion of benefits is approved, it would be the first time the VA will expand its benefits.
Currently veterans are entitled to military pensions that range from $10K to $18K per month.
The military also has a pension system, which is the maximum salary paid by the military to active duty members.
For a veteran to be eligible for the full retirement benefits, he or she would need to have been in the active military for at least 20 years.
In addition to the full military pension, the department also offers a variety of benefits to servicemember retirees and dependent children.
According to the VA, eligible military retirees receive: The maximum annual pay of up to $1,500 per month, which includes a VA healthcare benefit; a VA pension, which covers the cost of health care; a minimum monthly disability benefit of up the maximum of $100; a $2.5 million annual retirement benefit; and up to a $7,500 monthly retirement pay.