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Bill > S1872


US S1872

US S1872
A bill to provide that the annual adjustment of retired pay for members of the Armed Forces under the age of 62 under the Bipartisan Budget Act of 2013 shall not apply to members retired for disability and to retired pay used to compute certain Survivor Benefit Plan annuities.


summary

Introduced
12/19/2013
In Committee
12/19/2013
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

A bill to provide that the annual adjustment of retired pay for members of the Armed Forces under the age of 62 under the Bipartisan Budget Act of 2013 shall not apply to members retired for disability and to retired pay used to compute certain Survivor Benefit Plan annuities.

AI Summary

This bill proposes to exempt certain military retirees from a provision of the Bipartisan Budget Act of 2013 that reduced the annual cost-of-living adjustments (COLAs) for retired pay for those under age 62. Specifically, it would ensure that members retired due to disability and the portion of retired pay used to calculate Survivor Benefit Plan (SBP) annuities for their survivors are not subject to this reduction. The Survivor Benefit Plan is a program that provides financial support to the families of deceased service members. This change would effectively restore the full COLAs for these specific groups of retirees and their beneficiaries, preventing a double reduction in benefits.

Committee Categories

Military Affairs and Security

Sponsors (1)

Last Action

Read twice and referred to the Committee on Armed Services. (on 12/19/2013)

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