A bill to amend chapter 15 of title 38, United States Code, to provide for the payment of pension of $200 per month to World War I veterans, subject to a $3,000 and $4,200 annual income limitation; to provide that retirement income such as social security shall not be counted as income; to provide that such pension shall be increased by 10 percent where the veteran served overseas during World War I.

Provides for the payment of pensions of $200 per month to World War I veterans. Entitles such veterans who are in need of regular aid and attendance to an additional $100 monthly, or $35 monthly if such veteran is permanently housebound. Increases the amount of such pension by 10 percent for each such veteran who served overseas.

Excludes from the benefits conferred by this Act any unmarried veteran whose annual income exceeds $3000, and any married veteran whose annual income exceeds $4200. Disregards amounts received from retirement plans in computing income eligibility for such pensions. (Adds 38 U.S.C. 513).