Understanding the Veterans Pension Benefit
Yesterday was Memorial Day, and what better time to call attention to a relatively little-known benefit available to certain veterans who have served America. In a post on www.fool.com, The Motley Fool’s Dan Caplinger provides an analysis of the “Veterans Pension Benefit,” a plan designed to provide a measure of financial relief to vets “who have served for at least 90 days in active duty status” and at least one day during a wartime period. By definition, the wartime stipulation includes Vietnam, Korea, World Wars I and II and the Gulf War.
Caplinger’s article details the eligibility rules, as well as the schedule of maximum annual pension rates available for a dozen separate classifications of beneficiaries. Read his post here…