[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 820 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
                                 S. 820

To amend title 10, United States Code, to eliminate the increase in the 
retired pay multiplier for service in the uniformed services in excess 
of 20 years by members first entering the uniformed services after July 
                               31, 1986.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                 May 18 (legislative day, May 15), 1995

Mr. Kerrey (for himself and Mr. Simpson) introduced the following bill; 
  which was read twice and referred to the Committee on Armed Services

_______________________________________________________________________

                                 A BILL


 
To amend title 10, United States Code, to eliminate the increase in the 
retired pay multiplier for service in the uniformed services in excess 
of 20 years by members first entering the uniformed services after July 
                               31, 1986.
    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Uniformed Services Retirement 
Economy Act of 1995''.

SEC. 2. RETIRED PAY MULTIPLIER FOR PERSONS ENTERING THE UNIFORMED 
              SERVICES AFTER JULY 31, 1986.

    (a) Constant 2 Percent Per Year Multiplier.--Section 1409(b)(2) of 
title 10, United States Code, is amended to read as follows:
            ``(2) Members entering after july 31, 1986.--Subject to 
        paragraph (3), in the case of a member who first became a 
        member of a uniformed service after July 31, 1986, the 
        percentage to be used under subsection (a) is the product 
        (stated as a percentage) of--
                    ``(A) 2, and
                    ``(B) the member's years of creditable service (as 
                defined in subsection (c)).''.
    (b) Conforming Amendments.--(1) Section 1409(b)(1) of such title is 
amended by striking out ``(1) General rule.--Subject to paragraphs (2) 
and (3),'' and inserting in lieu thereof ``(1) Members entering before 
august 1, 1986.--Subject to paragraph (3), in the case of a member who 
first became a member of a uniformed service before August 1, 1986,''.
    (2) Section 1410 of title 10, United States Code, is amended by 
striking out ``on that date if--'' and all that follows and inserting 
in lieu thereof the following: ``on that date if increases in the 
retired pay of the member or former member under section 1401a(b) of 
this title had been computed as provided in paragraph (2) of that 
section (rather than under paragraph (3) of that section).''.
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