A bill to revise the rule for recalculation of military retired or retainer pay to reflect later active duty with respect to later active duty performed between October 1, 1963, and October 1, 1973.

Revises the rule for recomputation of military retired or retainer pay to reflect later active duty with respect to duty performed between October 1, 1963, and October 1, 1973. Stipulates that such computations be made under the rates of basic pay in effect at the time of release from active duty.