A bill to amend title 38, United States Code, to provide a service pension for veterans of World War I who have annual incomes of less than $10,000 and for certain surviving spouses and dependent children of veterans of World War I.

Requires the Administrator of Veterans' Affairs to pay a monthly pension at a rate not to exceed $150 to: (1) each veteran of World War I who meets specified service requirements and whose annual income does not exceed $10,000; (2) certain qualified surviving spouses of each such veteran (whose own annual income does not exceed $10,000); or (3) the child or children of each such veteran.