A bill to amend section 1336 of title 10 of the United States Code in order to establish limitation on the crediting of years of service in the Armed Forces for retirement benefits.

Requires individuals who are eligible for retirement pay from the armed forces to make an irrevocable election to apply any years of creditable civilian service such individuals may have to either: (1) the computation of such retirement pay; or (2) to the computation of any other annuity, pension, or old-age benefit to which such individuals may be entitled to under any other law (presently such civilian service may be used in computing both). (Amends 10 U.S.C. 1336)