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latest tabulation by the Veterans Administration. Those who saw service in the first World War will get checks averaging $122 apiece. The others will receive about $64 each, on average. The overall total of $4,000 in local payments will generate added business activity in the area,It is expected, as the money circulates and re-circulates.
Nationally, according to the VA, there are close to 4,000,000 veterans with World War II policies and 163,400 veterans of World War I who have retained their GI insurance and will share in the distribution.
What they will be receiving, it is explained, is a return of part of the premiums they have paid of their insurance policies.
The refund became possible because the death rate among exservicemen has been lower than was expected when the premium rate was set and because the interest earned by the insurance trust funds was greater than usual.
Rappahannock County veterans will receive their checks automatically on the anniversary dates of their policies, the VA states.
96.0%