Veterans' Compensation Cost-of-Living Adjustment Act of 1987

Veterans' Compensation Amendments of 1987 - Title I: Rate Increases - Increases the rates of veterans' disability compensation, additional compensation for dependents, and the clothing allowance for certain disabled veterans. Increases the rates of dependency and indemnity compensation for surviving spouses and children of veterans who have died as a result of service-connected disabilities, as well as the rates of supplemental dependency and indemnity compensation for certain surviving children.

Title II: Improved Benefits for Former Prisoners of War - Amends Federal veterans' benefits provisions to: (1) redefine "former prisoner of war" to include persons held by other than an enemy government during a war; and (2) allow a presumption of service-connection for peripheral neuropathy due to trauma, a spastic colon, or peptic or duodenal ulcers suffered by a former prisoner of war which become manifest to a degree of ten percent or more after active military service.

Decreases from six months to 90 days the period of internment required for former prisoners of war to become eligible for dental care benefits.

Title III: Miscellaneous Provisions - Directs the Administrator of Veterans Affairs to pay benefits to the surviving spouse and children of certain deceased veterans rated totally disabled at their time of death and for a specified period preceding death. Requires such benefits to be provided in the same manner as if the veteran's death was service-connected. Prohibits the payment of any such benefits to a surviving spouse unless: (1) the marriage to the veteran occurred before the expiration of 15 years after the veteran's discharge or release from active duty; (2) the surviving spouse was married to the veteran for one year or more; or (3) a child was born of the marriage. Requires any benefits to be paid under this provision to be offset by any money received from a cause of action for damages arising from the death of the veteran as described above. Provides that persons found eligible for benefits as a result of this Act shall also be deemed eligible for dependency and indemnity compensation under current Federal law.

Directs the Administrator to continue to maintain and operate separately the Veterans Administration Insurance Centers located in St. Paul, Minnesota, and Philadelphia, Pennsylvania. Prohibits the Administrator from taking any action to consolidate such centers.

Expresses the sense of the Congress that the bridge currently being constructed across the Ohio River between the cities of Weirton, West Virginia, and Steubenville, Ohio, would serve as an appropriate and fitting memorial to veterans.