Veterans' Benefits:

Veterans Have Mixed Views on a Lump Sum Disability Payment Option

GAO-01-172: Published: Dec 18, 2000. Publicly Released: Jan 18, 2001.

Additional Materials:

Contact:

Cynthia A. Bascetta
(202) 512-7207
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Currently, veterans who are disabled while serving their country are compensated for average reduction in earning capacity. Monthly compensation is based on the severity of a veteran's disability. After an initial rating for compensation has been determined, veterans who believe their condition has worsened may file a claim with the Department of Veterans' Affairs (VA) to reevaluate their disability rating. These repeat claims outnumbered initial disability applications by nearly three to one in fiscal year 1999, dominating VA's workload. To help reduce the volume of repeat claims, the Veterans' Claims Adjudication Commission asked Congress to consider paying less severely disabled veterans compensation in a lump sum. GAO surveyed veterans who are now being compensated on their reaction to a lump sum option. Veterans had mixed views. Many veterans and military personnel could see advantages and disadvantages to this new option. They also suggested some strategies that they believed could minimize the financial risks a lump sum payment option might introduce.

Nov 12, 2020

Sep 30, 2020

Sep 28, 2020

Sep 21, 2020

Sep 16, 2020

Sep 9, 2020

Aug 21, 2020

Jul 29, 2020

Looking for more? Browse all our products here