Bill

Bill > HR3794


US HR3794

US HR3794
To repeal the annual adjustment of retired pay and retainer pay amounts for retired members of the Armed Forces under age 62, and for other purposes.


summary

Introduced
12/19/2013
In Committee
01/24/2014
Crossed Over
Passed
Dead
01/03/2015

Introduced Session

113th Congress

Bill Summary

Repeals a provision of the Bipartisan Budget Act of 2013 that reduces the cost-of-living adjustment to the retirement pay of members of the Armed Forces under age 62. Requires a reduction in the unobligated balances of the Department of Defense (DOD) to offset the costs incurred by such repeal.

AI Summary

This bill repeals a provision from the Bipartisan Budget Act of 2013 that had reduced the cost-of-living adjustments, which are annual increases to account for inflation, for the retirement pay and retainer pay of members of the Armed Forces who are under age 62. To cover the cost of this repeal, the bill requires that unobligated balances, meaning funds that have been appropriated but not yet spent, within the Department of Defense (DOD) be reduced by $6.2 billion.

Committee Categories

Military Affairs and Security

Sponsors (2)

Last Action

Referred to the Subcommittee on Military Personnel. (on 01/24/2014)

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