38 U.S.C. § 1303 — Cost-of-living adjustments
submitted 29 years ago by Pub. L. 105-33 to r/title-38-VETERANS-BENEFITS · 137 words · no verdicts yet
For fiscal years 1998 through 2013, cost-of-living increases in dependency and indemnity compensation use a uniform percentage no higher than the Social Security increase, with certain monthly rates rounded down. The section defines the “social security increase.”
In the computation of cost-of-living adjustments for fiscal years 1998 through 2013 in the rates of dependency and indemnity compensation* payable under this chapter, such adjustments (except as provided in subsection (b)) shall be made by a uniform percentage that is no more than the percentage equal to the social security increase for that fiscal year, with all increased monthly rates (other than increased rates equal to a whole dollar amount) rounded down to the next lower whole dollar amount.
For purposes of this section, the term “social security increase” means the percentage by which benefit amounts payable under title II of the Social Security Act (42 U.S.C. 401 et seq.) are increased for any fiscal year as a result of a determination under section 215(i) of such Act (42 U.S.C. 415(i)).
Source credit: (Added Pub. L. 105–33, title VIII, § 8031(b)(1), Aug. 5, 1997, 111 Stat. 668; amended Pub. L. 107–103, title II, § 205, Dec. 27, 2001, 115 Stat. 990; Pub. L. 108–183, title VII, § 706, Dec. 16, 2003, 117 Stat. 2672.)
- 1997Enacted · Pub. L. 105-33 · 111 Stat. 668
- 2001Amended · Pub. L. 107-103 · 115 Stat. 990
- 2003Amended · Pub. L. 108-183 · 117 Stat. 2672
A history note hasn’t been published yet. The record shows enactment by Pub. L. 105-33 on 1997-08-05.
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