A bill to authorize recomputation at age sixty of the retired pay of members and former members of the uniformed service whose retired pay is computed on the basis of pay scales in effect prior to January 1, 1972, and for other purposes.

Authorizes the recomputation at age 60 of the retired or retainer pay for members or former members of the uniformed services whose retired or retainer pay was computed on the basis of pay scales in effect before January 1, 1972, in order to reflect any retired or retainer pay increases for other members which were based on changes in the Consumer Price Index since that date.