Veterans' Benefits Act of 1992

Summary

Dependency and Indemnity Compensation Reform Act of 1992 - Title I: Dependency and Indemnity Compensation Reform - Revises the formula for the computation of the payment to surviving spouses of veterans of dependency and indemnity compensation to make such payment a flat monthly amount of $700, increased by $50 monthly in the case of: (1) the death of a veteran while performing active duty; or (2) the death of a veteran due to a service-connected disability if such disability was rated total either for the five years immediately preceding death or from the date of the veteran's discharge. Provides that, for the payment of such compensation to surviving spouses of veterans who died before October 1, 1992, the monthly rate shall be the higher amount between the current and revised formula. Increases the additional rate paid to a surviving spouse for each child of the deceased veteran under the age of 18. Title II: Life Insurance Programs - Increases the maximum amount of Servicemen's Group Life Insurance authorized to be carried by a veteran from $100,000 to $200,000 in additional increments of $10,000. Increases to $200,000 the authorized amount of Veterans' Group Life Insurance and makes it renewable on a five-year basis (currently, nonrenewable). Provides additional optional coverage of $10,000 in supplemental service disabled veterans' insurance (SSDI) for veterans currently carrying National Service Life Insurance who qualify for a waiver of premiums due to total disability. Outlines SSDI application requirements. Requires premiums to be paid for SSDI coverage. Increases the authorized amount of Veterans' Mortgage Life Insurance to the lesser of either $90,000 (currently, $40,000) or the amount of the loan outstanding on the home.

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Documents

12 official files

• Reported in House (text)

  Reported in House · EN

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• Referred in Senate (text)

  Referred in Senate · EN

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• Introduced in House (text)

  Introduced in House · EN

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• Enrolled Bill (text)

  Enrolled Bill · EN

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• Engrossed in House (text)

  Engrossed in House · EN

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• Engrossed Amendment Senate (text)

  Engrossed Amendment Senate · EN

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• Committee Discharged Senate (text)

  Committee Discharged Senate · EN

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• Public Law (PDF)

  Public Law · EN · 30 October 1992

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• House agreed to Senate amendment with amendment

  summary · EN · 3 October 1992

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• Passed House amended

  summary · EN · 10 August 1992

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• Reported to House amended, Part I

  summary · EN · 29 July 1992

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• Introduced in House

  summary · EN · 29 April 1992

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