renouncement of right to benefits

renouncement of right to benefits Sec. 1006. (a) Any person entitled to pension, compensation, or dependency and indemnity compensation under any of the laws administered by the Veterans’ Administration may renounce his right thereto. The application renouncing the right shall be in writing over the person’s signature. Upon the filing of such an application, payment of such benefits and the right thereto shall be terminated, and such person shall be denied any and all rights thereto from such filing. (b) Renunciation of rights under subsection (a) or under prior law on this subject shall not preclude any person from filing a new application for pension, compensation, or dependency and indemnity compensation at a later date, but such new application shall be treated as an original application, and no payments shall be made for any period before the date such new application is filed.