A bill to provide for revision of the military retired or retainer pay of certain retired members of the Armed Forces who were called or ordered to active duty between October 1, 1963, and October 1, 1971.

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