Veterans Compensation Amendments of 1981

[AI summary unavailable — showing source text] Veterans' Compensation Amendments of 1981 - Title I: Veterans' Disability Compensation Benefits - Increases the rates of veterans' compensation for: (1) wartime disability compensation; (2) additional compensation for dependents; and (3) clothing allowances paid to certain disabled veterans. Title II: Survivors' Dependency and Indemnity Compensation Benefits - Increases the rates of veterans' dependency and indemnity compensation for: (1) a surviving spouse; (2) surviving children; and (3) supplemental children's benefits. Provides for the adjustment of such benefits when the entitlement of a child is established retroactively or a child reaches age 18. Title III: Life Insurance Program Amendments - Increases the maximum amount of insurance coverage under the Servicemen's Group Life Insurance Program. Permits a member of the Retired Reserve of a uniformed service to obtain increased coverage as specified. Increases the maximum amount of insurance coverage under the Veterans' Group Life Insurance Program. Directs the Secretary of Defense to prescribe regulations for the administration of the Servicemen's Group Life Insurance Program by the Secretaries of the military departments. Pe…