Medal of Honor Act

This law increases the monthly special pension for living Medal of Honor recipients from $1,406.73 to $8,333.33. It also establishes a monthly special pension of $1,406.73 for the surviving spouses of Medal of Honor recipients. Both of these pension amounts are required to be adjusted annually to account for inflation.

This bill directly affects living Medal of Honor recipients, who will receive an increased monthly special pension. It also affects the surviving spouses of Medal of Honor recipients by establishing a specific monthly pension rate for them. Both groups will see their pension amounts adjusted annually based on inflation.

• Increase to Medal of Honor special pension. The bill raises the monthly special pension for living Medal of Honor recipients from $1,406.73 to $8,333.33.
• Establishment of surviving spouse pension. The legislation creates a monthly special pension rate of $1,406.73 for the surviving spouses of Medal of Honor recipients.
• Annual inflation adjustments. The bill requires that the pension amounts for both recipients and surviving spouses be adjusted annually to account for inflation.

The bill modifies the existing special pension program for Medal of Honor recipients by increasing the monthly payment amount and establishing a new monthly pension rate for surviving spouses. It also requires that these updated payment amounts be adjusted annually based on inflation.

This bill aims to increase the monthly special pension for living Medal of Honor recipients and establish a new monthly special pension for their surviving spouses, while ensuring both benefit amounts are adjusted annually for inflation.