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Veterans News The following are some of the important changes which will be accomplished by new pension legislation effective January 1, 1965. These changes do not apply to the old pension law but only to PL 86-211, commonly referred to as the new pension law. Excludes the following income under PL86-211; Amounts equal to those paid by a veteran for the last illness and burial of his deceased wife or child. Present law makes this provision in case of a widow, but not in case of a veteran. Profit realized from dlsposfr tion of real or personal prop, erty other than in the course of business. Payments received for performance of Jury duty or' other obligatory civic obligations.
Payments received under the War Orphans Educational Assistance Act. Bonuses paid by a State for having service in the Armed Forces. Excludes $1200 of the veteran's spouse's income, or all earned income, whichever is greater. Under both the old and the new pension laws ten percent of payments to a veteran under any public or private retirement program will be excluded as income. However, a claimant will not be allowed to recoup his contributions to any private or public, retirement program as has been permitted heretofore. Recoupment of contributions for those receiving pensions on December 31, 1964 will be allowed to continue even though the recoupment period extends beyond January 1, 1965. Edward M. Mathews, of the Front Royal Office of the Division of War Veternas’ Claim is in Washington at the Clerk’s Office on 1st and 3rd Monday from 2:00 to 4;00 p.m. and will gladly give more details on this subject or any other matter connected with veteran’s affairs.
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