Page:United States Statutes at Large Volume 88 Part 2.djvu/387

 88 STAT. ]

PUBLIC LAW 93-527-DEC. 21, 1974

and iiicliuling $1,800, the monthly rate shall be reduced 8 cents; for each $1 of annual income in excess of $1,800 u}) to and includino-$8,000. the monthly rate shall be reduced 4 cents; for each $1 of annual income in excess of $3,000 u p to and including $3,500, the monthly rate shall be reduced 5 cents; for each $1 of annual income in excess of $3,500 up to and including $3,800. the monthly rate shall be reduced cents; for each $1 of annual income in excess of $3,800 up to and including $4,000. the monthly rate shall be reduced 7 cents; and for each $1 of annual income in excess of $4,000 up to and including $4,200. the monthly rate shall be reduced 8 cents. No pension shall be paid if annual income exceeds $4,200."'; (3) by amending subsection (d) by sti-iking out ""$110" and inserting in lieu thereof "$123"; and (4) by amending subsection (e) by striking out "'$44'' and inserting in lieu thereof "$49'\ SPX-. 3. Section 541 of title 38, Ignited States Code. is amended as ,.,,

1703

children.
 * /f°^^ ^^^^ "°

tollows:

(1) by amending subsection (b) to read as follows: "(b) If there is no child, pension shall be paid according to the following formula: If annual income is $300 or less, the monthly rate of pension shall be $108. For each $1 of annual income in excess of $300 up to and including $600. the monthly rate shall be reduced 1 cent; for each $1 of annual income in excess of $600 up to and including $900, the monthly rate shall be reduced 3 cents; for each $1 of annual income in excess of $900 up to and including $2,100, the monthly rate shall be reduced 4 cents; and for each $1 of annual income in excess of $2,100 up to and including $^),000, the monthly rate shall be reduced 5 cents; but in no event shall the monthly rate of pension be less than $5. No pension shall be paid if annual income exceeds $3,000."; (2) by amending subsection (c) to read as follows: "(c) If there is a widow and one child, pension shall be paid accord- widows with ing to the following formula: If annual income is $700 or less, the °"^ ^'^* monthly rate of pension shall be $128. For each $1 ojf annual income in excess of $700 up to and including $1,100, the monthly rate shall be reduced 1 cent; for each $1 of annual income in excess of $1,100 up to and including $2,100, the monthly rate shall be reduced 2 cents; for each $1 of annual income in excess of $2,100 up to and including $3,000, the monthly rate shall be reduced 3 cents; and for each $1 of annual income in excess of $3,000 up to and including $4,200, the monthly rate shall be reduced 4 cents. Whenever the monthly rate payable to the widow under the foregoing formula is less than the amount which would be payable to the child under section 542 of this title if the widoM^ were not entitled, the widow will be paid at the child's rate. No pension shall be paid if the annual income exceeds $4,200."; (3) by amendin<r subsection (cl) by striking out "$18" and inserting in lieu thereof "$20"; and (4) by adding at the end thereof the following new subsection: "(f) As used in this section and section 542 of this title, the term "Veterans." 'veteran' includes a person who has completed at least two years of honorable active military, naval, or air service, as certified by the Secretary concerned, but whose death in such service Avas not in line of duty.". SEC. 4. Section 542 of title 38, United States Code, is amended as children. follows:

�