§3564 — Title 38 Veterans' Benefits | U.S. Code

Summary

Each year the Secretary must raise the payment rates in sections 3532, 3534(b), and 3542(a) by the percent change in the U.S. all‑items Consumer Price Index for the 12 months ending June 30 compared with the prior 12 months. For fiscal years 2005–2013 increases are rounded down; for fiscal year 2014 and later they are rounded to the nearest whole dollar.

Title 38, §3564

Veterans' Benefits — Source: USLM XML via OLRC

(a)With respect to any fiscal year, the Secretary shall provide a percentage increase in the rates payable under section 3532, 3534(b), and 3542(a) of this title equal to the percentage by which—

(1)the Consumer Price Index (all items, United States city average) for the 12-month period ending on the June 30 preceding the beginning of the fiscal year for which the increase is made, exceeds

(2)such Consumer Price Index for the 12-month period preceding the 12-month period described in paragraph (1).

(b)Any increase under subsection (a) in a rate with respect to a fiscal year after fiscal year 2004 and before fiscal year 2014 shall be rounded down to the next lower whole dollar amount. Any such increase with respect to a fiscal year after fiscal year 2013 shall be rounded to the nearest whole dollar amount.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2003—Pub. L. 108–183 designated existing provisions as subsec. (a), struck out “(rounded to the nearest dollar)” after “percentage increase”, and added subsec. (b).

Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 106–419, title I, § 111(f)(3), Nov. 1, 2000, 114 Stat. 1831, as amended by Pub. L. 107–14, § 8(b)(1),

June 5, 2001, 115 Stat. 36, provided that: “section 3564 and 3687(d) of title 38, United States Code, as added by this subsection, shall take effect on

October 1, 2001.”

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