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Code of Federal Regulations Title 38. Pensions, Bonuses, and Veterans' Relief § 38.3.30 Frequency of payment of improved pension and parents' dependency and indemnity compensation (DIC)

Current as of January 02, 2025 | Updated by Findlaw Staff

Payment shall be made as shown in paragraphs (a), (b), (c), (d), (e), and (f) of this section;  however, beneficiaries receiving payment less frequently than monthly may elect to receive payment monthly in cases in which other Federal benefits would otherwise be denied.

(Authority:  38 U.S.C. 501)

(a) Improved pension—Monthly.

Payment shall be made monthly if the annual rate payable is $228 or more.

(b) Improved pension—Quarterly.

Payment shall be made every 3 months on or about March 1, June 1, September l, and December 1, if the annual rate payable is at least $144 but less than $228.

(c) Improved pension—Semiannually.

Payment shall be made every 6 months on or about June 1, and December 1, if the annual rate payable is at least $72 but less than $144.

(d) Improved pension—Annually.

Payment shall be made annually on or about June 1, if the annual rate payable is less than $72.

(Authority:  38 U.S.C. 1508)

(e) Parents' DIC—Semiannually.

Benefits shall be paid every 6 months on or about June 1, and December 1, if the amount of the annual benefit is less than 4 percent of the maximum annual rate payable under 38 U.S.C. 1315.

(f) Payment of less than one dollar.

Payments of less than $1 shall not be made.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 38. Pensions, Bonuses, and Veterans' Relief § 38.3.30 Frequency of payment of improved pension and parents' dependency and indemnity compensation (DIC) - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-38-pensions-bonuses-and-veterans-relief/cfr-sect-38-3-30/

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