§1104 — Title 38 Veterans' Benefits | U.S. Code

Summary

For fiscal years 1998 through 2013, cost-of-living increases to compensation rates and dollar limits must use one single percentage for everything. That percentage cannot be larger than the Social Security increase for that year. If a new monthly rate or limit is not an exact dollar amount, round it down to the next lower whole dollar. "Social security increase": the percentage by which Social Security (Title II) benefits are raised for a fiscal year under section 215(i) of the Social Security Act.

Title 38, §1104

Veterans' Benefits — Source: USLM XML via OLRC

(a)In the computation of cost-of-living adjustments for fiscal years 1998 through 2013 in the rates of, and dollar limitations applicable to, compensation payable under this chapter, such adjustments 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 and limitations (other than increased rates or limitations 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)).

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Social Security Act, referred to in subsec. (b), is act Aug. 14, 1935, ch. 531, 49 Stat. 620. Title II of the Act is classified generally to subchapter II (§ 401 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see section 1305 of Title 42 and Tables.

Amendments

2003—Subsec. (a). Pub. L. 108–183 substituted “2013” for “2011”. 2001—Subsec. (a). Pub. L. 107–103 substituted “2011” for “2002”. 1998—Pub. L. 105–368 renumbered section 1103 of this title as this section.

§1104 Cost-of-living Adjustments