Veterans' Readjustment Benefits Improvement Act of 1992

[AI summary unavailable — showing source text] Amends the veterans' educational assistance program to allow an individual who was on active duty on August 2, 1990, and who completes the requirements of a secondary school diploma (or equivalency certificate) before 12 months after the enactment of this Act to be considered to have completed such requirements within his or her initial obligated period of active duty, thus qualifying for such educational assistance after release or discharge from active duty. (Current law requires completion of school diploma requirements during the initial active duty period.) Provides a similar extension of such diploma completion requirements in the case of members of the Selected Reserve, except for requiring completion of such requirements within 11 months after the enactment of this Act. Requires the Secretary of each military department to notify individuals who have not met the diploma requirements of the extension of such periods under this Act. Credits an individual who becomes eligible for educational assistance subsequent to his or her initial period of service with the amount of basic pay reduced for participation in such educational assistance program. Applies such credit to an indiv…