Legislation Signed to Increase Rates of Compensation for Gold Star Parents

 

Governor Andrew Cuomo today signed legislation to provide an annual increase in the rate of compensation for Gold Star Parents who have lost a child in the armed services during a time of war. Under current law, Gold Star Parents are paid $500 annually with no provision for an annual increase. This new legislation amends the executive law to allow for an annual increase at a rate equal to the percentage increase of benefits set by the U.S. Department of Veterans' Affairs.

"Supporting our veterans and their families has always been a top priority for this administration, and this critical legislation will help ensure military families who have suffered the greatest loss get the support and benefits they so rightly deserve," Governor Cuomo said. "I am proud to sign this measure into law and I will continue our work to honor those brave New Yorkers who paid the ultimate price to protect our democracy and to support their families."

The Gold Star annuity is a special income-eligible annuity to recognize the emotional loss and financial implications of parents whose child has died serving this country, as there are many instances in which the deceased contributed to the financial well-being of his or her parents. Since its implementation in 2008, the Gold Star Parent Annuity has not been increased, despite inflation and other economic factors causing prices to rise. This annual increase will ensure the support we give to Gold Star Parents will not fall behind.

Senator Kathleen A. Marchione said, "The brave men and women who served our country and their families deserve our full support. This legislation will ensure that parents who have lost a child to war have the financial support they need to get by. I applaud the Governor for signing this critical legislation to recognize the ultimate sacrifice of our soldiers and their families on Veterans Day."

Assembly Member John T. McDonald III said, "It is our duty to ensure our veterans and their families receive the benefits they deserve. By signing this critical piece of legislation, Governor Cuomo is once again showing that New York stands with our veterans. I am proud to have sponsored this bill that makes sure the support we give to Gold Star Parents who have lost a child in the line of duty does not fall behind."

Source: The Office of Governor Andrew M. Cuomo