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Many veterans receive a non-service
connected
pension from the Department of Veterans Affairs
based on reaching age 65
Veterans who are
under 65 qualify if they are permanently and totally disabled. For
disabled veterans, the disability does not have to have any
relationship to the veteran's military service.
Eligibility for the
non-service connected pension requires you to have served during a
specific "period of war' such as World War II, Korea, Vietnam, etc.
Eligibility is also based upon need, and a veteran is generally
eligible if he or she has less than $80,000 in net assets. The home
and one motor vehicle are not counted in determining assets. The
annual income must also be below certain limits.
For 2005, the
maximum benefit for a single veteran is $846 per month. If the
veteran has a spouse or other dependent, the maximum amount is
$1,109 per month.
In determining
eligibility and the amount of the benefit paid, the VA will subtract
any income, such as Social Security or retirement benefits, the
veteran and his dependents receive from the maximum amount. For more
information, visit
Military.com Opinions.
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