14 U.S.C. 2504: Computation of retired pay

2018

• Pub. L. 115–282 renumbered section 423 of this title as this section. (Frank LoBiondo Coast Guard Authorization Act of 2018) Law text
• Pub. L. 115–232 substituted "Commandant" for "Commandant of the Coast Guard". (John S. McCain National Defense Authorization Act for Fiscal Year 2019) Law text · (a)
• Pub. L. 115–141 added subsec. (d). (Consolidated Appropriations Act, 2018) Law text · (d)

1986

• Pub. L. 99–348 amended section generally. Prior to amendment, section provided that retired pay of a grade or rating would be computed at the rate of 2½ percent of the sum of the basic pay of that grade or rating and all permanent additions thereto including longevity credit, multiplied by the numb…

1984

• Pub. L. 98–557 substituted reference to enlisted member concerned for reference to enlisted man concerned. · (a)

1983

• Pub. L. 98–94, §923(d), substituted "In computing the number of years of service by which the rate of 2½ percent is multiplied, each full month of service that is in addition to the number of full years of service creditable to a member is counted as one-twelfth of a year and any remai… · (a)
• Pub. L. 98–94, §922(b), inserted "Retired pay, if not a multiple of $1, shall be rounded to the next lower multiple of $1." · (a)

1982

• Pub. L. 97–295 substituted "after September 7, 1980" for "on or after the date of the enactment of the Department of Defense Authorization Act, 1981". · (b)

1980

• Pub. L. 96–342 designated existing provisions as subsec. (a), substituted "Except as provided in subsection (b), the" for "The", and added subsec. (b).

1972

• Pub. L. 92–455 provided for computation of retired pay of an enlisted member serving as the master chief petty officer of the Coast Guard at the highest basic pay applicable to him while he so served, if that basic pay is greater than the basic pay of the grade or rating to which he was otherwise e…

1963

• Pub. L. 88–132 substituted "basic" for "active-duty" wherever appearing.

1958

• Pub. L. 85–422 substituted "that may be credited to him under section 1405 of title 10" for "for which he was entitled to credit in the computation of his pay when last on active duty".