Don’t Cut Benefits for Disabled Veterans - Newsroom: Bernie Sanders - U.S. Senator for Vermont

A change in how annual cost-of-living adjustments are calculated could mean that veterans who started receiving VA disability benefits at age 30 would have their benefits reduced by $1,425 at age 45, $2,341 at age 55 and $3,231 at age 65, according to the Congressional Budget Office.

In addition to disabled veterans, more than 55 million retirees, widows, orphans and disabled Americans could be affected by the switch to a so-called chained CPI, or consumer price index. According to the Social Security Administration, the change would result in $112 billion in reduced Social Security benefits over 10 years. The typical Social Security recipient who retires at age 65 would get $653 less a year at age 75 and would get $1,139 less a year at age 85 than under current law.