A bill to amend the Balanced Budget and Emergency Deficit Control Act of 1985 with respect to military and other federal retirement and disability programs.

Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to provide that during any fiscal year in which automatic cost-of-living increases for certain Federal programs are suspended or modified by a presidential sequestration order, the full amount of such increases shall be deemed to have taken effect for purposes of determining the amount of benefits involved for the succeeding fiscal year. Provides a formula for reducing such benefits, if required, during such succeeding fiscal year. Subjects the following program benefits to provisions of this Act: (1) black lung benefits; (2) Central Intelligence Agency retirement and disability system; (3) civil service retirement and disability system; (4) Comptroller General retirement system; (5) foreign service retirement and disability system; (6) judicial survivors' annuities system; (7) longshoremen's and harbor workers' compensation system; (8) military retirement system; (9) National Oceanic and Atmospheric Administration retirement system; (10) pensions for former Presidents; (11) railroad retirement; (12) Coast Guard retirement system; (13) Public Health Service commissioned officers retirement system; (14) disabled coal miners' benefits; and (15) Tax Court Judges survivors' retirement system.