An Act relative to COLA adjustments for veteran benefits

This bill (SD 2207) requires annual cost-of-living adjustments for veterans' benefits under Chapter 59 of Massachusetts General Laws. It directly affects veterans receiving benefits specified in Section 5 of that chapter by tying their payments to the Commonwealth's average cost-of-living adjustment (COLA) each year. The key provision replaces previous adjustment methods with an automatic, annual update based on the state's calculated COLA, ensuring benefits keep pace with local inflation. This change applies specifically to veterans' benefits funded under the referenced section, without altering eligibility or benefit amounts otherwise.