The Cherokee County Veteran Affairs Office recently released information regarding veterans switching to an electronic payment option for their federal benefits.
According to Dana Evans, Cherokee County Veteran Affairs Director, the U.S. Department of the Treasury issued a final rule to extend the safety and convenience of electronic payments to all Americans receiving federal benefits and non-tax payments.
Anyone receiving paper checks will need to switch to direct deposit by March 1,2013.
Evans encourages local veterans to get prepared now so when the deadline date comes, no one will be without their benefits.
Evans also offers the following information regarding Veteran's Social Security benefits. Social Security benefits for Veterans are protected against inflation. By law, they increase when there is a rise in the cost of living.
The government measures changes in the cost of living through the Department of Labor's Consumer Price Index (CPI). The CPI has not risen since the last cost-of-living adjustment was determined in 2008. As a result, Veteran's Social Security benefits will not increase in 2011.
If you ask the Social Security Administration to withhold some of your benefits for federal tax purposes, they have deducted the percentage you requested.
For more information on a variety of online services visit HYPERLINK "http://www.socialsecurity.gov" www.socialsecurity.gov or call 1-800-772-1213.
If you have any other Veteran related questions feel free to call Evans at the Cherokee County Veteran's Affairs Office at 225-6704. Or stop by the office, located at 228 1/2 W. Main St. in downtown Cherokee.