662
PUBLIC LAW 92-197-DEC. 15, 1971
[85 STAT.
$1,000 or less, the monthly rate of dependency and indemnity compensation payable to each parent shall be $67. For each $1 of annual income in excess of $1,000 up to and including $1,300, the monthly rate shall be reduced 1 cent; for each $1 of annual income in excess of $1,300 up to and including $3,400, the monthly rate shall be reduced •2 cents; and for each $1 of annual income in excess of $3,400 up to and including $3,800, the monthly rate shall be reduced 3 cents. No dependency and indemnity compensation shall be paid to either parent if the total combined annual income exceeds $3,800." 72 Stat. 1129; ((J) Subsection (g) of such section 415 is amended by redesignathig paragraph (2) as (3), and by inserting immediately after subparagraph (1)(M) the following new paragraph: (2) Where a fraction of a dollar is involved, annual income shall be fixed at the next lower dollar." b "nd^p^ent^ad(^) ^uch section 415 of title 38, United States Code, is further ditionai compen- amended by adding the following new subsection at the end thereof: ^^*^°"" (h) The monthly rate of dependency and indemnity compensation payable to a parent shall be increased by $55 if such parent is (1) a patient in a nursing home or (2) helpless or blind, or so nearly helpless or blind as to need or require the regular aid and attendance of another person." sJita^^aaV^^' ^^9- ^- Section 417 of title 38, United States Code, is amended by striking out subsection (a) thereof, and by striking out " (b) ". SEC. 6. Sections 321 and 341 of title 38, United States Code, are each amended by striking out " ( o r after April 30, 1957, under the circumstances described in section 417(a) of this title)". SEC. 7. Section 724 of title 38, United States Code, is amended by adding at the end thereof the following new subsection: "(c) I n any case in which insurance continued in force under this section matures on or after January 1, 1972, an amount equal to the amount of premiums, less dividends, waived on and after that date shall be placed as an indebtedness against the insurance and, unless otherwise paid, shall be deducted from the proceeds. I n such case, the liability o± the Government under subsection (b) of this section shall be reduced by the amount so deducted from the proceeds." • d ^mnu'^^com-^" ^^^' ^' ^^^ pcrsou who bcfore January 1, 1972, was not eligible for p"n*s'^t?on,'^e°iTdcpeudeucy and indemnity compensation under such title by reason gibiiity. of the provisions of the prior section 417(a) of title 38, United States Code, may elect, in such manner as the Administrator of Veterans' Affairs shall prescribej to receive dependency and indemnity compensation, and an election so made shall be final. A person receiving, or entitled to receive, death compensation on December 31,197lj shall continue to receive death compensation, if otherwise eligible, m the absence of an election to receive dependency and indemnity compensation. Death compenggc. 9. Subsection (b) of section 322 of title 38, United States Code, sation, increase.
83 Stat. 146; 84 Stat. 1583.
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IS amended to read a s f o l l o w s: «(b) The mouthly rate of death compensation payable to a widow or dependent parent under subsection (a) of this section shall be increased by $55 if the payee is (1) a patient in a nursing home or (2) helpless or blind, or so nearly helpless or blind as to need or require the regular aid and attendance of another person." Effective date. SEC. 10. This Act shall take effect on January 1, 1972. Approved December 15, 1971.
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