A bill to amend chapter 15 of title 38, United States Code, to provide for the payment of pension of $150 per month to World War I veterans, subject to a $3,540 and $4,760 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 per centum where the veteran served overseas during World War I.

Authorizes the payment of $150 per month as a pension to World War I veterans, subject to a $3,540 or a $4,760 annual income limitation, depending on marital status. Provides that retirement income shall not be counted as income in the determination of annual income for purposes of pensions under this Act. Provides that such pension shall be increased by ten percent where the veteran served overseas during World War I.