Veterans' Compensation Cost-of-Living Adjustment Act of 2005

This bill, introduced in 2005, would provide a cost-of-living adjustment (COLA) for veterans receiving disability compensation and for survivors receiving dependency and indemnity benefits. The increase is designed to match the percentage of the cost-of-living adjustment provided to Social Security recipients, ensuring that veterans' benefits keep pace with inflation.

Beyond the benefit increase, the legislation would establish six specialized centers for Parkinson’s disease research and clinical care within the Department of Veterans Affairs. It also authorizes a two-year pilot program aimed at improving how the Veterans Health Administration collects payments from third-party insurance companies. If enacted, the primary impact on citizens would be a scheduled increase in monthly benefit checks for disabled veterans and their families starting in December 2005.