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Previously, each increase in the Medal of Honor stipend required a specific act of Congress. The increase was authorized by the Veterans Benefits Act of 2002 (Public Law 107-330), which also set up a formula for future increases in the Medal of Honor stipend based on the annual rate of inflation. "They are living examples of sacrifice, love of country and dedication to duty." "This increase reflects in small part the thanks of President Bush and a grateful nation for the uncommon valor and bravery of these veterans," said VA Secretary Anthony J. Under the new rates, the payments will rise from $600 monthly to $1,000 monthly. Since at least World War I, the federal government's agency for veterans – now the Department of Veterans Affairs (VA) – has paid a monthly stipend to holders of the military's highest decoration for combat valor. WASHINGTON – Monthly federal payments to 136 living recipients of the Medal of Honor are rising 67 percent this month. VA Increases Payments to Medal of Honor Recipients
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#HOW MUCH MONEY DO MEDAL OF HONOR RECIPIENTS RECEIVE VERIFICATION#