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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 38 U.S.C. § 1927 Authority for higher monthly installments payable to certain annuitants us united_states_code code_section 38 VETERANS BENEFITS 19 INSURANCE 1927 38 U.S.C. § 1927 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc38@119-100.zip /us/usc/t38/s1927 data/legal/raw/us/code/title-38/usc38.xml b0d4523c94f83879d05119c3a567b9094d28b693dfb118433b118b7245703c88 372998691b72ade88787dfa7633dbda4954bd1b037ec7926c5e06e9b1d17fc66 85fe875b548054bd9e9fe5e1a44ceb45af84aa1f17e50c97ae116b51baca0b7d 2026-07-04 official
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38 U.S.C. § 1927 - Authority for higher monthly installments payable to certain annuitants

Text

(a) Subject to subsections (b) and (c) of this section, the Secretary may from time to time adjust the dollar amount of the monthly installments payable to a beneficiary of National Service Life Insurance, Veterans Special Life Insurance, or Veterans Reopened Insurance who is receiving the proceeds of such insurance under a life annuity settlement option. The Secretary may make such an adjustment only if the Secretary determines that the adjustment is administratively and actuarially sound for the program of insurance concerned. The Secretary may make such an adjustment without regard to the provisions of sections 1902, 1923, and 1925 of this title with respect to interest rates and the use of mortality tables.

(b) The Secretary shall determine the amount in the trust funds in the Treasury held for payment of proceeds to National Service Life Insurance, Veterans Special Life Insurance, and Veterans Reopened Insurance beneficiaries attributable to interest and mortality gains on the reserves held for annuity accounts. Such amount shall be available for distribution to the life annuitants referred to in subsection (a) of this section as a fixed percentage of, and in addition to, the monthly installment amount to which the annuitants are entitled under this subchapter. For the purposes of this section, gains on the reserves are defined as funds attributable solely to annuity accounts that are in excess of actuarial liabilities.

(c) The monthly amount of an annuity authorized in sections 1902, 1923, and 1925 of this title, as adjusted under this section, may not be less than the monthly amount of such annuity that would otherwise be applicable without regard to this section.

(Added Pub. L. 100322, title III, § 331(a)(1), May 20, 1988, 102 Stat. 536, § 727; renumbered § 1927 and amended Pub. L. 10283, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404406.)

Notes

Editorial Notes

Amendments1991—Pub. L. 10283, § 5(a), renumbered section 727 of this title as this section. Subsec. (a). Pub. L. 10283, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725”. Pub. L. 10283, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator” wherever appearing. Subsec. (b). Pub. L. 10283, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator”. Subsec. (c). Pub. L. 10283, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725”.