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Bill > S1880


US S1880

US S1880
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 amend the Bipartisan Budget Act of 2013 to ensure that certain military retirees do not have their retired pay adjusted annually before they reach the age of 62. Specifically, it would exempt members who are retired due to disability from this annual adjustment. Additionally, it clarifies that the portion of a retiree's pay used to calculate survivor benefits under the Survivor Benefit Plan (SBP) will not be subject to this pre-62 adjustment, meaning the SBP annuity will be based on the retiree's pay as if the annual adjustment had not occurred. The Bipartisan Budget Act of 2013 is a law that, in part, changed how military retired pay is adjusted for those under 62, and this bill seeks to create exceptions to that change for disability retirees and for the calculation of SBP annuities.

Committee Categories

Military Affairs and Security

Sponsors (7)

Last Action

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

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