A bill to amend title 38 of the United States Code increasing income limitations relating to payment of disability and death pension, and dependency and indemnity compensation.

(LATEST SUMMARY)

Increases the maximum annual income limitations for eligible veterans and their survivors receiving pensions by $400 and provides a 10 percent increase in the rates of pensions.

Increases the maximum annual income limitations of "old law" pensioners by $400.

Increases the maximum income limitations by $400 for parents receiving dependency and indemnity compensation (DIC) and provides an average 10 percent increase in the rates for DIC.

Increases the amount of pension paid to a veteran with neither wife nor child who is receiving hospital treatment from $30 to $50 a month.

Provides that the effective date of the provisions of this Act shall be the date of application or the date on which the veteran became totally and permanently disabled, whichever is to the advantage of the veteran.

Provides for a compensatory payment of $25,000 to any veteran (or $10,000 to an unremarried widow) of the Brownsville Incident of 1906.

Provides that this Act become effective on the first day of the second calendar month following enactment.