38 CFR 21.5052 - Contribution requirements.
(a)Minimum period of participation. Each individual who agrees to participate must do so for a minimum period of 12 consecutive months, unless the participant:
(1) Is allowed to disenroll for hardship reasons;
(2) Is permitted to suspend participation for hardship reasons;
(3) Is discharged or released from active duty;
(4) Otherwise ceases to be legally eligible to participate; or
(5) Elects to make a lump-sum contribution which, when taken together with his or her other contributions, equals the equivalent of at least 12 months' participation.
(1) The contribution shall be at least $25 per month but not more than $100 per month.
(c)Amount of total contribution. An individual may contribute for the number of months required to reach a total contribution of $2,700.
(d)Changing the monthly contribution. An individual may increase or decrease the amount of the monthly contribution, but may not do so more than once a month.
(e)Prohibition against contributing. An individual may not make contributions to the fund after the date of his or her discharge. The VA does not consider the return of an unnegotiated refund check to be a contribution. A person who returns a refund check remains continuously eligible for benefits.
(1) A lump-sum contribution:
(i) Must be evenly divisible by five,
(2) The Department of Veterans Affairs will consider the lump-sum contributions to have been made by monthly deductions from the participant's military pay at the rate of $100 per month unless the participant specifies a different rate which must be
(i) No lower than $25 per month,
(ii) No higher than $100 per month, and
(iii) Evenly divisible by five.
(3) If otherwise eligible to make contributions, a participant:
(i) May make a lump-sum contribution to cover any period of his or her active duty. This may entail a retroactive period, including one which -
(A) Begins after December 31, 1976, and before October 1, 1980, or
(B) Although made after October 27, 1986, includes all or part of the period beginning on July 1, 1985, and ending on October 27, 1986.
(ii) May make a lump-sum contribution which has the effect of increasing the amount of a monthly contribution the participant made previously, but the payment cannot have the effect of increasing the monthly contribution to an amount greater than $100;
(iii) May make a lump-sum payment to cover a period for which he or she previously obtained a refund;
Title 38 published on 09-Jun-2018 03:51
The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 38 CFR Part 21 after this date.