A bill to amend chapter 67 (relating to retired pay for nonregular service) of title 10, United States Code, to authorize payment of retired pay actuarily computed to persons, otherwise eligible, at age 50.

Authorizes the payment of military retired pay for non-regular service to persons, otherwise eligible, at age 50. Sets forth an actuarial table for the purpose of computing the rate of pay for eligible persons under this Act. (Amends 10 U.S.C. 1331(a), 1335(a))