Video Related To: Jon Tester
Jon Tester (born August 21, 1956) is the junior United States Senator for Montana, serving since 2007. He is a member of the Democratic Party. He previously served as President of the...
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Tester goes after companies abusing veterans' pensions
Senator Jon Tester is cracking down on companies that make money by misleading veterans and abusing the Department of Veterans Affairs' pension program. Low-income veterans over 65 or permanently disabled who served during wartime are eligible for VA pensions. In 2011, the system paid $4.3 billion to 517100 veterans or their survivors whose annual income was below $12200. But many companies take advantage of the VA's pension system by convincing elderly veterans to restructure and hide assets in order to become eligible for the lifelong pensions. Applications for VA pensions nearly doubled in the last five years. Tester today called for the government's consumer watchdog, the Consumer Financial Protection Bureau, to "investigate and take enforcement action" against companies that give veterans misleading advice. He also called for better education of elderly veterans and their families.
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