Service members and veterans who earned the Medal of Honor for their actions will see a sizable increase in their special pensions. Their special annual pension will more than quadruple under a new law.

After the Monetary Enhancement for Distinguished Active Legends (or MEDAL) Act was signed into effect this week, recipients will see their Medal of Honor pensions increase from a base of $1,406.73 to $5,625 per month. Annually, their honorarium will go from roughly $18,000 to $67,500.

The new law applies to living Medal of Honor recipients. It also creates a new monthly rate of $1,406.73 for spouses of deceased service members who earned the award. The legislation calls for both of these rates to be adjusted annually to deal with inflation.

The special honorarium, paid by the Department

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