38 U.S.C. § 3243: Deposits; reports

Summary

The Department of Defense must quickly send any money it takes from a participant’s military pay to the Secretary so it can go into the fund. Each month the Secretary of Defense must send a report to the Secretary listing each initial enrollee’s name, service number, amount deducted, any DoD contribution under section 3222(c), changes in enrollment or contribution, and any other needed details. The Secretary must keep accounts that show each participant’s contributions, any contributions by the Secretary of Defense, and benefit payments made from the fund.

Title 38, §3243

Veterans' Benefits, Source: USLM XML via OLRC

Deductions made by the Department of Defense from the military pay of any participant shall be promptly transferred to the Secretary for deposit in the fund. The Secretary of Defense shall also submit to the Secretary a report each month showing the name, service number, and the amount of the deduction made from the military pay of each initial enrollee, any contribution made by the Secretary of Defense pursuant to section 3222(c) of this title, as well as any changes in each participant’s enrollment and/or contribution. The report shall also include any additional information the Secretary and the Secretary of Defense deem necessary to administer this program. The Secretary shall maintain accounts showing contributions made to the fund by individual participants and by the Secretary of Defense as well as disbursements made from the fund in the form of benefits.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Prior sections 3301 to 3305 and 3311 to 3313, which comprised chapter 57, were renumbered sections 5701 to 5705 and 5711 to 5713, respectively, of this title. Prior sections 3401 to 3405, which comprised chapter 59, were renumbered sections 5901 to 5905, respectively, of this title.

Amendments

1991—Pub. L. 102–83 renumbered section 1643 of this title as this section and substituted “3222(c)” for “1622(c)”. 1989—Pub. L. 101–237 substituted “Secretary” for “Administrator” wherever appearing and inserted “of Defense” after “Secretary” in four places. 1983—Pub. L. 98–160 inserted “of this title” after “section 1622(c)”.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Jan. 1, 1977, see section 406 of Pub. L. 94–502, set out as a note under section 3201 of this title.

§3243 Deposits; Reports