How is VA Pension Calculated?
The VA Pension offers 9 different maximum benefit amounts based on whether the award is for a veteran with a spouse, a single veteran or the single surviving spouse of a deceased veteran. There are also rates associated with additional dependent children. Typically, an older veteran household will have dependent children if th ey have one or more totally disabled or incapacitated adult children living in the home. Or the older veteran may be married to a young woman. If the household has such a situation, the additional dependent child rates are listed in Table 1 below.
The calculation of each of these different categories of Pension income will allow for a benefit from zero dollars all the way up to the Maximum Allowable Pension Rate or MAPR for that category. We have listed 9 categories below along with the minimum and maximum monthly Pension income for that category.
The table on the next page lists current maximum allowable pension rates for 2009 by category of rating or no rating. The medical deductions mentioned in the example above are also listed here.
Special Monthly Pension Rates Paid to
Veterans Age 65 or Older OR
Permanently and Totally Disabled
|
|
| Qualified disabled veteran
| $11,830
| $ 985
| With one dependent
| $15,493
| $1,291
| Qualified disabled veteran and also housebound
| $14,457
| $1,205
| With one dependent
| $18,120
| $1,510
| Qualified disabled veteran and in need of regular aid and attendance
| $19,736
| $1,645
| With one dependent
| $23,396
| $1,950
| Increase for each additional dependent child
| $ 2,020
| $ 168*
|
Death Pension Rates Paid to
Veteran’s Surviving Spouse
|
|
| Surviving spouse
| $ 7,933
| $ 661
| With one child
| $10,385
| $ 865
| Surviving spouse is permanently housebound
| $ 9,696
| $ 808
| With one dependent child
| $12,144
| $1,012
| Surviving spouse is in need of regular aid and attendance
| $13,195
| $1,100
| With one dependent child
| $15,128
| $1,261
| For each additional child
| $ 2,020
| $ 168*
| Pension for each surviving child
| $ 2,020
| $ 168*
|
CONCLUSION
As you can see, the benefits to veterans and their surviving spouses eligible for a pension benefit is significant. The rules and regulations for being approved are complex. Going it alone can be very risky, if you are not familiar with the Veterans Administration. This booklet contains complicated information. Please feel free to call Fredrick P. Niemann, Esq. to set up a consultation to discuss the aid and attendance pension benefit.
He can be reached at
888-800-7442, or by e-mail at
fniemann@hnlawfirm.com.
His address is 3499 Route 9 North, Suite 1F, Freehold, NJ 07728.
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New Jersey Veterans Pension | How is VA Pension Calculated?
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