A bill to provide relief for retired military personnel.

(LATEST SUMMARY)

Provides that any member of a Regular or Reserve component of the Armed Forces who is retired and is receiving from the United States retired or retirement pay and other benefits incident to his retired status, and who is required by provisions of the Constitution or statutes of a State to resign his military commission, terminate his retired status, and forgo receipt of retired or retirement pay and other benefits incident to such retired status, in order to be eligible to accept elective civil office under the said State, shall, with his consent, be reappointed by the President of the United States alone to the grade and position on the retired list which he held prior to his resignation, effective the day following termination of his State civil office, and as of such date be entitled to resume receipt of the retired or retirement pay and other benefits incident to his retired status to which he was entitled prior to his resignation. Provides that if such retired member is participating in the Survivor Benefit Plan at the time of his resignation to accept a State civil office, he may, notwithstanding the provisions of any other law, continue to participate in the plan as if he had never resigned by depositing in the Treasury each month thereafter the sum of money that otherwise would have been deducted from his retired pay for the month under the plan, and if the said retired member should die while holding state civil office his beneficiary or beneficiaries under the plan shall be paid the annuity authorized thereunder as if the said member had died while in retired status.