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38 U.S.C. § 1303Cost-of-living adjustments

submitted 29 years ago by Pub. L. 105-33 to r/title-38-VETERANS-BENEFITS · 137 words · no verdicts yet

in plain englishAI-generated · not legal advice

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.”

(a) For fiscal years 1998–2013, cost-of-living adjustments to dependency and indemnity compensation rates under this chapter must, except as subsection (b) provides, use one uniform percentage no greater than that fiscal year’s Social Security increase. Increased monthly rates, except rates that equal a whole dollar, must be rounded down to the next whole dollar. (b) “Social security increase” means the percentage increase in benefits under title II of the Social Security Act for a fiscal year resulting from a determination under section 215(i) of that Act.
the actual law source: uscode.house.gov ↗public domain
(a)

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.

(b)

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.)

history & why it existsrecord from the source credit
  • 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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