To provide an annuity to certain surviving spouses and dependent children of Reserve members of the Armed Forces who died between September 21, 1972, and September 30, 1978.

Directs the Secretary of the military department concerned, the Secretary of Commerce with respect to the National Oceanic and Atmospheric Administration, and the Secretary of Health and Human Services with respect to the Public Health Service to pay an annuity to any individual who is the surviving spouse or a dependent child of a Reserve member of the armed forces who: (1) died during the period between September 21, 1972, and September 30, 1978; and (2) at the time of death, would have been entitled to retired pay but for the fact that such individual was under 60 years of age. Requires such annuity to be paid in the same manner as if the individual had made a designation to provide an annuity as a veteran under the Survivor Benefit Plan.

Requires an individual who is entitled to an annuity under Federal armed forces provisions and an annuity under Federal veterans' benefits provisions by reason of a subsequent marriage to choose one annuity to receive.