GAO report addresses abuses of VA pension and benefits system
June 7, 2012
GAO has released a report about abuses of the VA benefits system and systemic problems that need to be corrected by the VA.
http://www.gao.gov/products/GAO-12-540
Just one recommendation: Congress should consider establishing a look-back and penalty period for pension claimants who transfer assets for less than fair market value prior to applying, similar to other federally supported means-tested programs. For example, GAO identified a case where a claimant transferred over a million dollars less than 3 months prior to applying and was granted benefits.
A Senate hearing on the issues discussed in the the GAO report
http://www.aging.senate.gov/hearing_detail.cfm?id=336928&
A New York Times article available at
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