Frequency of payment of improved pension and parents' dependency and indemnity compensation (DIC).

§ 3.30 Frequency of payment of improved pension and parents' dependency and indemnity compensation (DIC). Payment shall be made as shown in paragraphs (a), (b), (c), (d), (e), and (f) of this section; however, beneficiaries receiving payment less frequently than monthly may elect to receive payment monthly in cases in which other Federal benefits would otherwise be denied. (Authority: 38 U.S.C. 501) (a) Improved pension—Monthly. Payment shall be made monthly if the annual rate payable is $228 or more. (b) Improved pension—Quarterly. Payment shall be made every 3 months on or about March 1, June 1, September l, and December 1, if the annual rate payable is at least $144 but less than $228. (c) Improved pension—Semiannually. Payment shall be made every 6 months on or about June 1, and December 1, if the annual rate payable is at least $72 but less than $144. (d) Improved pension—Annually. Payment shall be made annually on or about June 1, if the annual rate payable is less than $72. (Authority: 38 U.S.C. 1508) (e) Parents' DIC—Semiannually. Benefits shall be paid every 6 months on or about June 1, and December 1, if the amount of the annual benefit is less than 4 percent of the maximum annual rate payable under 38 U.S.C. 1315. (f) Payment of less than one dollar. Payments of less than $1 shall not be made. Cross Reference: Pension. See § 3.3(a)(3), (b)(4). [44 FR 45935, Aug. 6, 1979, as amended at 51 FR 1790, Jan. 15, 1986; 53 FR 7903, Mar. 11, 1988; 57 FR 10425, Mar. 26, 1992; 71 FR 52290, Sept. 5, 2006]