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US S1963

US S1963
A bill to repeal section 403 of the Bipartisan Budget Act of 2013.


summary

Introduced
01/27/2014
In Committee
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.

AI Summary

This bill proposes to repeal section 403 of the Bipartisan Budget Act of 2013, which is a law that was enacted in 2013. The specific provision being repealed is one that reduced the cost-of-living adjustment, or COLA, for the retirement pay of members of the Armed Forces who are under the age of 62. A cost-of-living adjustment is an increase in pay or benefits to keep pace with inflation, so this repeal would effectively restore the full COLA for these younger military retirees.

Sponsors (14)

Last Action

Returned to the Calendar. Calendar No. 298. (on 02/12/2014)

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