The amount compared is $500,000 multiplied by the average Consumer Price Index change
To amend title 38, United States Code, to require the Secretary of Veterans Affairs to periodically review the automatic maximum coverage under the Servicemembers' Group Life Insurance program and the Veterans' Group Life Insurance program, and for other purposes, section 2, Sec. 2.
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The amount compared is $500,000 multiplied by the average Consumer Price Index change
The document says “means”Who acts: Secretary of Veterans AffairsHow: statuteSec. 2 in the PDF
What the document says
“the average percentage by which the Consumer Price Index changed during the five fiscal years preceding the review under subsection (a)”
Subsection (b) of the new section 1980B, which supplies the second half of the comparison the review makes. The amount is $500,000 multiplied by the figure quoted here. The five fiscal years counted are those preceding the review. The new section does not say how the multiplication is to be carried out or how the result is to be rounded.
What the document actually says
“the average percentage by which the Consumer Price Index changed during the five fiscal years preceding the review under subsection (a)”
That sentence, in plain words
Take how much prices moved over five years. Use the average of that change.
What this is about
This is the second number in the check. It starts at $500,000. The price change is then used to work it out. The five years are the ones just before each check.
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