40.440 Computation of bonus. - Kentucky Statutes

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40.440 Computation of bonus. (1) Every person determined by the administrator to be a qualified veteran shall be paid the sum of fifteen dollars ($15) for each month and major fraction of a month of
qualifying Vietnam era service, not to exceed in all the sum of three hundred dollars
($300), and the sum of twenty-five dollars ($25) for each month and major fraction
of a month of such service which is qualifying Vietnam service, subject to an
aggregate limit for all service in the sum of five hundred dollars ($500). Any
qualified veteran who was medically evacuated from a location, service in which
location constituted qualifying Vietnam service, shall receive the sum of five
hundred dollars ($500), this sum to be in lieu of any other bonus for which said
veteran may qualify under the provisions of KRS 40.410 to 40.560. (2) If a person determined to have been a qualified veteran shall be deceased at the time payment of the bonus would otherwise be made to him, the amount of his bonus
shall be paid to the first surviving beneficiary, if any, according to the order of
priority defined in KRS 40.400(9) and if there be no surviving beneficiary, the
bonus of such veteran shall lapse, and no payment thereof shall be made. (3) A beneficiary, as defined in KRS 40.400(9), (10), (11), (12), and (13), of a person killed in the line of duty while serving in the Armed Forces of the United States
during the period of eligibility, or who died of service-connected injury sustained
while so serving, and who would otherwise have qualified for the bonus provided in
subsection (1) of this section, shall be paid three hundred dollars ($300) if no part of
the total service during the period was served outside the continental United States
or five hundred dollars ($500) if any part of the total service during the period was
served outside the continental United States. The provisions of subsection (1) of this
section and the minimum period of service for entitlement to a bonus as established
by KRS 40.400(5) or (6) shall not apply to these beneficiaries. However, this
exception does not waive the respective maximums of three hundred dollars ($300)
or five hundred dollars ($500) for each veteran, person killed in the line of duty
while on active duty in the Armed Forces, or person who died as a result of service-
connected injury sustained while on active duty in the Armed Forces. Payment shall
be made to a beneficiary in the order of priority defined in KRS 40.400(9). (4) Notwithstanding the provisions of subsections (1), (2), and (3) of this section, the amount paid to a qualifying veteran or a beneficiary of a qualifying veteran shall be
the amount calculated under the provisions of subsection (1), (2), or (3) of this
section, less the amount received by the veteran under the provisions of KRS
40.005 or KRS 40.010 to 40.990. Effective: March 1, 1991
History: Amended 1991 (1st Extra. Sess.) Ky. Acts ch. 16, sec. 3., effective March 1, 1991. -- Created 1988 (1st Extra. Sess.) Ky. Acts ch. 6, sec. 4.