A bill to amend section 3104 of title 38, United States Code, to permit certain service-connected disabled veterans who are retired members of the Armed Forces to receive retired pay concurrently with disability compensation after a reduction in the amount of retired pay.

Permits certain veterans with service-connected disabilities who are retired members of the uniformed services to receive reduced retired pay concurrently with veterans' disability compensation. Provides that the amount of the retired pay reduction shall be 100 percent of the veterans' disability compensation paid less the percentage of the veteran's disability rating.