Title 38, Veterans' BenefitsRelease 119-102
§5123 Rounding Down of Pension Rates
Title 38 › PART IV — GENERAL ADMINISTRATIVE PROVISIONS › CHAPTER 51 — CLAIMS, EFFECTIVE DATES, AND PAYMENTS › SUBCHAPTER III — PAYMENT OF BENEFITS › § 5123
Summary
Round down any monthly or other periodic pension paid to an individual under sections 1521, 1541, or 1542, or under section 306(a) of the Veterans’ and Survivors’ Pension Improvement Act of 1978 (Public Law 95–588), to the nearest dollar when the amount is not already an exact multiple of $1.
Full Legal Text
Title 38, §5123
Veterans' Benefits, Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
References in Text
section 306(a) of the Veterans’ and Survivors’ Pension Improvement Act of 1978 (Public Law 95–588), referred to in text, is section 306(a) of Pub. L. 95–588, title III, Nov. 4, 1978, 92 Stat. 2508, which is set out as a note under section 1521 of this title.
Prior Provisions
Amendments
1991—Pub. L. 102–40 renumbered section 3023 of this title as this section. Pub. L. 102–83 substituted “1521, 1541, or 1542” for “521, 541, or 542”.
Statutory Notes and Related Subsidiaries
Effective Date
section 403(b) of Pub. L. 97–253, as amended by Pub. L. 98–21, title I, § 111(e), Apr. 20, 1983, 97 Stat. 73; Pub. L. 98–369, div. B, title VI, § 2662(j),
July 18, 1984, 98 Stat. 1160, provided that: “(1) Except as provided in paragraph (2), the amendment made by subsection (a)(1) [enacting this section] shall apply with respect to amounts payable for periods beginning after
May 31, 1983. “(2) In the cases of individuals to whom pension is payable under section 521, 541, and 542 [now 1521, 1541, and 1542] of title 38, United States Code, the amendment made by subsection (a)(1) shall take effect on the first day after
May 31, 1983, that an increase is made in maximum annual rates of pension pursuant to section 3112 [now 5312] of title 38, United States Code.”
Reference
Citations & Metadata
Citation
38 U.S.C. § 5123
Title 38, Veterans' Benefits
Last Updated
Aug 21, 2026
Release point: 119-102