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How to Read Parents DIC Rate Tables
There are three Parents DIC Rate
Tables, referred to here as Chart 1, Chart 2, and Chart 3. The Charts are
different because of the following situations:
| A. Are both of the veteran's parents still
living? |
Chart 2 or
3,
also answer B |
Chart 1 |
| B. Are both of the veteran's parents still
married to each other? |
Chart 3 |
Chart 2 |
| C. Is the parent remarried? |
Chart 3 |
Chart 2 |
What is
Income for VA Purposes (IVAP)
Once on a chart, you will notice
that the chart covers an income range. This range varies by Chart. The highest
limit is shown at the bottom. Chart 1 refers you to a footnote that explains
how to choose the limits that are shown in Chart 2 - $13,456 and Chart 3 - $18,087. Parents DIC is income based. To deceide if the parents' income is within
the limits of Chart 2 - $13,456 or Chart 3 - $18,087, here are some
references:
If you do not have Microsoft Word software installed, you may download free viewer and reader software to view the documents cited below.
How to Find
the Monthly Rate
Each Chart has three column
headings. Here is an explanation of how these work to determine your actual
monthly rate.
| Income Not Over |
If your income is not
over this amount but is over the amount in the row above, this is the row you
should be using. |
| Monthly Rate |
This is your beginning
monthly rate. You now need to do a calculation for each dollar that your income
is over the limit in the prior row. For example:
On Chart 3, if your
income was $1,353, you would choose the row Income Not Over $1,400. Your
beginning monthly rate is $375. But your income is less than $1,400, so you are
entitled to a rate between the prior row's rate of $378 and your beginning rate
of $375.
To find this rate see $1 Decrement below. |
| $1 Decrement |
The decrement is a
decimel that is multiplied to the difference between your monthly income and
the income shown on the prior row. Using the example above in Monthly Rate, you
would subtract the prior rows limit from your income: |
| |
$1353
-1300
53
53
x.03
1.59
$375
+
1
$376 |
Your income
Minus prior row's
limit
Difference
Difference
Times the decrement
Amount of extra
monthly income (cents are not counted)
Your beginning monthly
rate
Add your extra monthly income
Your new monthly rate |
| To go to the Parents DIC Rate Tables |
CLICK HERE |
| For information about our Parents DIC Benefit |
CLICK HERE |
| To return to How to Read a Rate Table Page |
CLICK HERE |
| To return to Rate Tables |
CLICK HERE |
| To return to Compensation & Pension Home Page
|
CLICK HERE |
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