Bill > HR3808

This bill ensures that certain military retirees will continue to receive their full annual cost-of-living adjustments to their retired pay, even if they are under the age of 62. Specifically, it exempts members who retired due to a physical disability from a provision in the Bipartisan Budget Act of 2013 that reduced these annual adjustments for those under 62. Additionally, the bill clarifies that the retired pay used to calculate survivor benefits under the Survivor Benefit Plan (SBP) will not be subject to this reduction, meaning the amount used for calculating a survivor's annuity will be based on the retiree's pay before any Bipartisan Budget Act of 2013 adjustments were applied. The Bipartisan Budget Act of 2013 is a law that, among other things, introduced changes to how military retired pay is adjusted annually for those under 62. The Survivor Benefit Plan (SBP) is a program that provides annuities to eligible survivors of deceased service members.