The post Medal Of Honor Recipients To Receive Larger Pension For Their Service appeared on BitcoinEthereumNews.com. U.S. President Joe Biden awards Ret. Private First Class Kenneth David with the Medal of Honor during a ceremony at the White House to honor seven U.S. Army soldiers on January 3, 2025 in Washington, DC. (Photo by Anna Rose Layden/Getty Images) Getty Images There are 61 living Medal of Honor recipients, and it should go without saying that none of them were thinking about anything other than doing their duty when they went above and beyond. Money certainly wasn’t in the equation, but this month, President Donald Trump also made sure it shouldn’t be a concern for those individuals either. On Monday, the president signed into law the Monetary Enhancement for Distinguished Active Legends, or MEDAL Act. It raised the monthly pension to Medal of Honor recipients from $1,489.73 to $5,625, or about $67,500 annually. The stipends are also meant to cover the costs of having earned the U.S. military’s top award, the Military Times explained. That includes traveling to appearances and other events, where all costs are not always covered. The pension is also meant to show the gratitude of the American people. “While we will never be able to repay the debt we owe to the men and women whose actions earned them this medal, we can continue to honor them by ensuring they are cared for, respected, and supported,” said Sen. Ted Cruz, R-Texas, via a media release. Cruz sponsored his Senate’s version of the bill, while the House version was a bipartisan effort led by Republican Rep. Troy Nehls of Texas and New Hampshire Democrat Chris Pappas. “They never ask for special recognition or demand special treatment. Many of them spend most of their time traveling our country, telling their stories, inspiring the next generation of America’s heroes,” explained Nehls in a statement, adding that… The post Medal Of Honor Recipients To Receive Larger Pension For Their Service appeared on BitcoinEthereumNews.com. U.S. President Joe Biden awards Ret. Private First Class Kenneth David with the Medal of Honor during a ceremony at the White House to honor seven U.S. Army soldiers on January 3, 2025 in Washington, DC. (Photo by Anna Rose Layden/Getty Images) Getty Images There are 61 living Medal of Honor recipients, and it should go without saying that none of them were thinking about anything other than doing their duty when they went above and beyond. Money certainly wasn’t in the equation, but this month, President Donald Trump also made sure it shouldn’t be a concern for those individuals either. On Monday, the president signed into law the Monetary Enhancement for Distinguished Active Legends, or MEDAL Act. It raised the monthly pension to Medal of Honor recipients from $1,489.73 to $5,625, or about $67,500 annually. The stipends are also meant to cover the costs of having earned the U.S. military’s top award, the Military Times explained. That includes traveling to appearances and other events, where all costs are not always covered. The pension is also meant to show the gratitude of the American people. “While we will never be able to repay the debt we owe to the men and women whose actions earned them this medal, we can continue to honor them by ensuring they are cared for, respected, and supported,” said Sen. Ted Cruz, R-Texas, via a media release. Cruz sponsored his Senate’s version of the bill, while the House version was a bipartisan effort led by Republican Rep. Troy Nehls of Texas and New Hampshire Democrat Chris Pappas. “They never ask for special recognition or demand special treatment. Many of them spend most of their time traveling our country, telling their stories, inspiring the next generation of America’s heroes,” explained Nehls in a statement, adding that…

Medal Of Honor Recipients To Receive Larger Pension For Their Service

2025/12/06 02:57

U.S. President Joe Biden awards Ret. Private First Class Kenneth David with the Medal of Honor during a ceremony at the White House to honor seven U.S. Army soldiers on January 3, 2025 in Washington, DC. (Photo by Anna Rose Layden/Getty Images)

Getty Images

There are 61 living Medal of Honor recipients, and it should go without saying that none of them were thinking about anything other than doing their duty when they went above and beyond. Money certainly wasn’t in the equation, but this month, President Donald Trump also made sure it shouldn’t be a concern for those individuals either.

On Monday, the president signed into law the Monetary Enhancement for Distinguished Active Legends, or MEDAL Act. It raised the monthly pension to Medal of Honor recipients from $1,489.73 to $5,625, or about $67,500 annually. The stipends are also meant to cover the costs of having earned the U.S. military’s top award, the Military Times explained. That includes traveling to appearances and other events, where all costs are not always covered.

The pension is also meant to show the gratitude of the American people.

“While we will never be able to repay the debt we owe to the men and women whose actions earned them this medal, we can continue to honor them by ensuring they are cared for, respected, and supported,” said Sen. Ted Cruz, R-Texas, via a media release.

Cruz sponsored his Senate’s version of the bill, while the House version was a bipartisan effort led by Republican Rep. Troy Nehls of Texas and New Hampshire Democrat Chris Pappas.

“They never ask for special recognition or demand special treatment. Many of them spend most of their time traveling our country, telling their stories, inspiring the next generation of America’s heroes,” explained Nehls in a statement, adding that the bill “eases the financial burden of our nation’s highest decorated veterans by increasing their special pension.”

History Of The Medal Of Honor And Its Honorarium

The origins of the United States Armed Forces’ highest decoration date to the American Civil War, when Iowa Senator James W. Crimes introduced a bill to “promote the efficiency of the Navy” by authorizing the production and distribution of “medals of honor.” Within months, a similar bill was introduced to award privates of the U.S. Army. The wording and nature of the bills changed, including that the award would be for soldiers of all services and all ranks.

On July 12, 1862, President Abraham Lincoln signed into law the authorization of the Medal of Honor.

The very first recipient of the Medal of Honor was Private Jacob Parrott of Company K, 33D Ohio Infantry, who was one of twenty-two men – later known as “Andrew’s Raiders” – who penetrated nearly 200 miles south into enemy territory and captured a railroad train at Big Shanty, Georgia, in an attempt to destroy the bridges and track between Chattanooga and Atlanta. Captured during the raid and severely tortured, Parrott was later part of a prisoner exchange. Parrott continued to serve in the Union Army for the remainder of the war, earning a commission and rising to the rank of First Lieutenant.

A Civil War-era Medal of Honor given to a private for gallantry in battle. (Photo by: Education Images/Universal Images Group via Getty Images)

Universal Images Group via Getty Images

As it was the only U.S. military award for valor during the conflict that saw brother fight brother, a total of 1,527 medals were awarded. With the introduction of other medals and awards in the latter half of the 19th century, by the time of the Spanish-American War, the Medal of Honor had become the supreme honor. Since then, it has been awarded to Soldiers, Sailors, Airmen, Marines, and Coast Guardsmen.

Although Private Parrott and the other 1,526 service members received a physical medal, it wasn’t until 1916 that any stipend was paid to recipients.

It was only then that Congress authorized a $10 monthly honorarium or pension for Medal of Honor recipients, and it remained at that level until 1961, when it was increased to $100. In 2002, the pension was then raised to $1,000 per month. Lawmakers have since increased the pension based on that figure, plus an annual cost-of-living adjustment.

There had been calls to increase the amount to $100,000 annually, but it was only this year that the figure was raised to its current level, intended to free recipients from any financial burdens.

“We must honor our service members who have earned this award by ensuring they are financially secure after their military service is over,” Pappas said while introducing the bill earlier this year, per the Military Times.

Limited Money Making Opportunities

Recipients of the Medal of Honor don’t have the financial opportunities of Olympic athletes, who can quickly cash in after winning their medals. There are no prohibitions on civilian employment or income, including paid speaking engagements and book sales, but this pales in comparison to that of professional athletes, and Medal of Honor recipients must also contend with ethical guidelines.

It is also important to note that it is illegal to sell or buy a Medal of Honor. The Stolen Valor Acts of 2005 and 2013 were designed to protect the integrity and prestige of the highest military award.

Most Recent Medal of Honor Recipients

Private David is honored for acts of gallantry and intrepidity while serving as a radio-telephone operator during contact with an enemy force near Fire Support Base Maureen, Thua Thien Province, Republic of Vietnam, on May 7, 1970. (Photo by Chris Kleponis / AFP) (Photo by CHRIS KLEPONIS/AFP via Getty Images)

AFP via Getty Images

The most recent living recipient of the Medal of Honor is former Army Specialist 4th Class Kenneth David, an Ohio native. He was presented the award at President Joe Biden’s final Medal of Honor ceremony at the White House in January. In addition to David, the former president issued six posthumous awards to Pvt. Bruno R. Orig; Pfc. Wataru Nakamura; Cpl. Fred B. McGee; Pfc. Charles R. Johnson; Gen. Richard E. Cavazos; and Capt. Hugh R. Nelson Jr.

“I’m deeply privileged to honor seven American heroes,” Biden said in his remarks. “That’s not hyperbole. These are genuine, to their core, heroes. Heroes of different ranks, different positions, and even different generations. But heroes who all went above and beyond the call of duty. Heroes who all deserve our nation’s highest and oldest military recognition, the Medal of Honor.”

Source: https://www.forbes.com/sites/petersuciu/2025/12/05/medal-of-honor-recipients-to-receive-larger-pension-for-their-service/

Piyasa Fırsatı
Union Logosu
Union Fiyatı(U)
$0.003211
$0.003211$0.003211
-0.09%
USD
Union (U) Canlı Fiyat Grafiği
Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Trump-Backed WLFI Plunges 58% – Buyback Plan Announced to Halt Freefall

Trump-Backed WLFI Plunges 58% – Buyback Plan Announced to Halt Freefall

World Liberty Financial (WLFI), the Trump-linked DeFi project, is scrambling to stop a market collapse after its token lost over 50% of its value in September. On Friday, the project unveiled a full buyback-and-burn program, directing all treasury liquidity fees to absorb selling pressure. According to a governance post on X, the community approved the plan overwhelmingly, with WLFI pledging full transparency for every burn. The urgency of the move reflects WLFI’s steep losses in recent weeks. WLFI is trading Friday at $0.19, down from its September 1 peak of $0.46, according to CoinMarketCap, a 58% drop in less than a month. Weekly losses stand at 12.85%, with a 15.45% decline for the month. This isn’t the project’s first attempt at intervention. Just days after launch, WLFI burned 47 million tokens on September 3 to counter a 31% sell-off, sending the supply to a verified burn address. For World Liberty Financial, the buyback-and-burn program represents both a damage-control measure and a test of community faith. While tokenomics adjustments can provide short-term relief, the project will need to convince investors that WLFI has staying power beyond interventions. WLFI Launches Buyback-and-Burn Plan, Linking Token Scarcity to Platform Growth According to the governance proposal, WLFI will use fees generated from its protocol-owned liquidity (POL) pools on Ethereum, BNB Chain, and Solana to repurchase tokens from the open market. Once bought back, the tokens will be sent to a burn address, permanently removing them from circulation.WLFI Proposal Source: WLFI The project stressed that this system ties supply reduction directly to platform growth. As trading activity rises, more liquidity fees are generated, fueling larger buybacks and burns. This seeks to create a feedback loop where adoption drives scarcity, and scarcity strengthens token value. Importantly, the plan applies only to WLFI’s protocol-controlled liquidity pools. Community and third-party liquidity pools remain unaffected, ensuring the mechanism doesn’t interfere with external ecosystem contributions. In its proposal, the WLFI team argued that the strategy aligns long-term holders with the project’s future by systematically reducing supply and discouraging short-term speculation. Each burn increases the relative stake of committed investors, reinforcing confidence in WLFI’s tokenomics. To bolster credibility, WLFI has pledged full transparency: every buyback and burn will be verifiable on-chain and reported to the community in real time. WLFI Joins Hyperliquid, Jupiter, and Sky as Buyback Craze Spills Into Wall Street WLFI’s decision to adopt a full buyback-and-burn strategy places it among the most ambitious tokenomic models in crypto. While partly a response to its sharp September price decline, the move also reflects a trend of DeFi protocols leveraging revenue streams to cut supply, align incentives, and strengthen token value. Hyperliquid illustrates the model at scale. Nearly all of its platform fees are funneled into automated $HYPE buybacks via its Assistance Fund, creating sustained demand. By mid-2025, more than 20 million tokens had been repurchased, with nearly 30 million held by Q3, worth over $1.5 billion. This consistency both increased scarcity and cemented Hyperliquid’s dominance in decentralized derivatives. Other protocols have adopted variations. Jupiter directs half its fees into $JUP repurchases, locking tokens for three years. Raydium earmarks 12% of fees for $RAY buybacks, already removing 71 million tokens, roughly a quarter of the circulating supply. Burn-based models push further, as seen with Sky, which has spent $75 million since February 2025 to permanently erase $SKY tokens, boosting scarcity and governance influence. But the buyback phenomenon isn’t limited to DeFi. Increasingly, listed companies with crypto treasuries are adopting aggressive repurchase programs, sometimes to offset losses as their digital assets decline. According to a report, at least seven firms, ranging from gaming to biotech, have turned to buybacks, often funded by debt, to prop up falling stock prices. One of the latest is Thumzup Media, a digital advertising company with a growing Web3 footprint. On Thursday, it launched a $10 million share repurchase plan, extending its capital return strategy through 2026, after completing a $1 million program that saw 212,432 shares bought at an average of $4.71. DeFi Development Corp, the first public company built around a Solana-based treasury strategy, also recently expanded its buyback program to $100 million, up from $1 million, making it one of the largest stock repurchase initiatives in the digital asset sector. Together, these cases show how buybacks, whether in tokenomics or equities, are emerging as a key mechanism for stabilizing value and signaling confidence, even as motivations and execution vary widely
Paylaş
CryptoNews2025/09/26 19:12
Son of filmmaker Rob Reiner charged with homicide for death of his parents

Son of filmmaker Rob Reiner charged with homicide for death of his parents

FILE PHOTO: Rob Reiner, director of "The Princess Bride," arrives for a special 25th anniversary viewing of the film during the New York Film Festival in New York
Paylaş
Rappler2025/12/16 09:59
Bitcoin Peak Coming in 45 Days? BTC Price To Reach $150K

Bitcoin Peak Coming in 45 Days? BTC Price To Reach $150K

The post Bitcoin Peak Coming in 45 Days? BTC Price To Reach $150K appeared first on Coinpedia Fintech News Bitcoin has delivered one of its strongest performances in recent months, jumping from September lows of $108K to over $117K today. But while excitement is high, market watchers warn the clock is ticking.  History shows Bitcoin peaks don’t last forever, and analysts now believe the next major top could arrive within just 45 days, with …
Paylaş
CoinPedia2025/09/18 15:49