---
kind: "section"
citation: "38 U.S.C. § 1927"
title: "38"
title_heading: "Veterans’ Benefits"
number: "1927"
heading: "Authority for higher monthly installments payable to certain annuitants"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/38/1927"
units:
  - "Part II — General Benefits"
  - "Chapter 19 — Insurance"
  - "Subchapter I — National Service Life Insurance"
---

# §1927. Authority for higher monthly installments payable to certain annuitants

- (a) Subject to subsections [(b)](#b) and [(c)](#c) of this section, the [Secretary](/usc/38/101.md?p=1) may from time to time adjust the dollar amount of the monthly installments payable to a beneficiary of National Service Life [Insurance](/usc/38/1901.md?p=1), [Veterans](/usc/38/1101.md?p=1) Special Life [Insurance](/usc/38/1901.md?p=1), or [Veterans](/usc/38/1101.md?p=1) Reopened [Insurance](/usc/38/1901.md?p=1) who is receiving the proceeds of such [insurance](/usc/38/1901.md?p=1) under a life annuity settlement option. The [Secretary](/usc/38/101.md?p=1) may make such an adjustment only if the [Secretary](/usc/38/101.md?p=1) determines that the adjustment is administratively and actuarially sound for the program of [insurance](/usc/38/1901.md?p=1) concerned. The [Secretary](/usc/38/101.md?p=1) may make such an adjustment without regard to the provisions of sections [1902](/usc/38/1902.md), [1923](/usc/38/1923.md), and [1925](/usc/38/1925.md) of this title with respect to interest rates and the use of mortality tables.
- (b) The [Secretary](/usc/38/101.md?p=1) shall determine the amount in the trust funds in the Treasury held for payment of proceeds to National Service Life [Insurance](/usc/38/1901.md?p=1), [Veterans](/usc/38/1101.md?p=1) Special Life [Insurance](/usc/38/1901.md?p=1), and [Veterans](/usc/38/1101.md?p=1) Reopened [Insurance](/usc/38/1901.md?p=1) beneficiaries attributable to interest and mortality gains on the [reserves](/usc/38/101.md?p=26) held for annuity accounts. Such amount shall be available for distribution to the life annuitants referred to in [subsection (a)](#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](/usc/38/101.md?p=26) 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](/usc/38/1902.md), [1923](/usc/38/1923.md), and [1925](/usc/38/1925.md) 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.

## Source credit

(Added Pub. L. 100–322, title III, § 331(a)(1), May 20, 1988, 102 Stat. 536, § 727; renumbered § 1927 and amended Pub. L. 102–83, §§ 4(b)(1), (2)(E), 5(a), (c)(1), Aug. 6, 1991, 105 Stat. 404–406.)

## Notes

### Editorial Notes

### Amendments

1991—Pub. L. 102–83, § 5(a), renumbered section 727 of this title as this section.

Subsec. (a). Pub. L. 102–83, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725”.

Pub. L. 102–83, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator” wherever appearing.

Subsec. (b). Pub. L. 102–83, § 4(b)(1), (2)(E), substituted “Secretary” for “Administrator”.

Subsec. (c). Pub. L. 102–83, § 5(c)(1), substituted “1902, 1923, and 1925” for “702, 723, and 725”.