A bill to provide that the annual adjustment of retired pay for members of the Armed Forces under the age of 62 under the Bipartisan Budget Act of 2013 shall not apply to members retired for disability and to retired pay used to compute certain Survivor Benefit Plan annuities.

Provides that the reduction in the annual adjustment to the retired pay of members of the Armed Forces under the age of 62 shall not apply to the retirement pay of members retired for a physical disability and to retirement pay used to compute benefit plan annuities of survivors of deceased members.