Veterans and Survivors Pension Reform Act

Veterans and Survivors Pension Reform Act - Title I: Reform of the Non-Service-Connected Pension Program for Veterans and their Survivors - Creates a pension system within the Veterans' Administration applicable to all veterans, widows of veterans, and dependent parents who, subsequent to October 1, 1976, are or become eligible for a Veterans' Administration non-service- connected pension.

Provides for a restructuring of the need-based pension program of the Veterans' Administration.

Provides for a level of income for veterans and their survivors which is above the minimum subsistence level.

Establishes a basic minimum level of income for all eligible veterans and dependents at $2,700 for single pensioners and $3,900 for pensioners with dependents.

Provides for a method of computing a pension for those veterans with little or no income.

Title II: Adjustments in Current Statutory Pension Provisions - Defines terms used in this Act. Revises the categories of spouse, widow, and surviving spouse for purposes of the changes in rates in this Act.

Presents a schedule for such rates by month.

Title III: Reform of Dependency and Indemnity Compensation for Parents - Revises the schedule for determining dependency and indemnity compensation rates under programs of the Veterans' Administration.

Title IV: Adjustments in Current Statutory Provisions Relating to Dependency and Indemnity Compensation for Parents - Sets forth schedules for the payment of monthly dependency and indemnity compensation to the parents of veterans.

Title V: Miscellaneous and Effective Dates - Makes the effective date of this Act October 1, 1976, unless otherwise specified in this Act.