A bill to amend title 10, United States Code, to permit the recomputation of retired pay of certain members and former members of the Armed Forces.

Entitles any member or former member of the armed forces to have his retired pay computed at current active duty pay rates if such member was in an active status on or before May 31, 1958, and entitled to receive retired pay based upon age, length of service or physical disability under the provisions of the Career Compensation Act.