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38 U.S.C. § 5123 — Rounding down of pension rates

submitted 44 years ago by Pub. L. 97-253 to r/title-38-VETERANS-BENEFITS · 54 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about rounding down of pension rates. It states the duties, permissions, conditions, exceptions, and limits that apply under this section.

The monthly or other periodic rate of pension payable to an individual under section 1521, 1541, or 1542 of this title or under section 306(a) of the Veterans’ and Survivors’ Pension Improvement Act of 1978 ( Public Law 95–588 ), if not a multiple of $1, must be rounded down to the nearest dollar.
the actual law source: uscode.house.gov ↗public domain

The monthly or other periodic rate of pension payable to an individual under section 1521, 1541, or 1542 of this title or under section 306(a) of the Veterans’ and Survivors’ Pension Improvement Act of 1978 (Public Law 95–588), if not a multiple of $1, shall be rounded down to the nearest dollar.

Source credit: (Added Pub. L. 97–253, title IV, § 403(a)(1), Sept. 8, 1982, 96 Stat. 802, § 3023; renumbered § 5123, Pub. L. 102–40, title IV, § 402(b)(1), May 7, 1991, 105 Stat. 238; amended Pub. L. 102–83, § 5(c)(1), Aug. 6, 1991, 105 Stat. 406.)

history & why it existsrecord from the source credit
  • 1982Enacted · Pub. L. 97-253 · 96 Stat. 802
  • 1991Amended · Pub. L. 102-40 · 105 Stat. 238
  • 1991Amended · Pub. L. 102-83 · 105 Stat. 406

A history note hasn’t been published yet. The record shows enactment by Pub. L. 97-253 on 1982-09-08.

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