Which type of claims is eligible for the one-year retroactive effective date under the specified act?

The one-year retroactive effective date applies specifically to compensation claims under the specified act. This provision allows veterans to receive benefits from the date they filed their claim, provided they are approved, up to one year prior to the approval date. This is particularly significant for veterans who may have delayed filing their claims due to various circumstances, ensuring that they are not penalized for timing when it comes to receiving the benefits they are owed for their service-related injuries or conditions.

Other types of claims, such as survivors pension claims, educational benefit claims, and home loan claims, do not typically include the same one-year retroactive effective date provision. This differentiation is important for individuals seeking to understand the nuances of benefits eligibility and the timelines associated with their specific claims.