A bill to amend title 10, United States Code, to eliminate the increase in the retired pay multiplier for service in the uniformed services in excess of 20 years by members first entering the uniformed services after July 31, 1986.
Uniformed Services Retirement Economy Act of 1995 - States that the percentage of military pay for which a former member of the armed forces will be eligible upon retirement, in the case of an individual who first became a member after July 31, 1986, shall be the product of two and the member's years of creditable service. (Currently, there is a reduced percentage applicable to such members who have performed less than 30 years of creditable service.)
Introduced in Senate
Read twice and referred to the Committee on Armed Services.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line