14 U.S.C. § 2504 — Computation of retired pay
submitted 77 years ago by ch. 393 to r/title-14-COAST-GUARD · 513 words · no verdicts yet
Retired pay is calculated according to when the member first joined a uniformed service. The section also provides special formulas, rounding, and continuation pay for certain Coast Guard members.
(a)(1) For a member who first joined a uniformed service before September 8, 1980, retired pay is (A) basic pay for the retired grade or rate plus all permanent additions, including longevity credit, at retirement, multiplied by (B) the section 1409 title 10 multiplier for service creditable under section 1405. (2) For an officer who served as Commandant*, use the highest basic-pay rate applicable while serving. (3) For a Coast Guard master chief petty officer, use the highest rate while serving in that role if it exceeds the rate otherwise applicable at retirement. (4) For an officer whose grade’s basic pay is not based on service years, use the service years the officer would receive in computing active-list pay as a captain at retirement.
(b) For a member who first joined on or after September 8, 1980, retired pay is the section 1407 retired-pay base multiplied by the section 1409 multiplier for service creditable under section 1405, all in title 10.
(c)(1) For subsection (a) or (b), each full month beyond full years counts as one-twelfth of a year, and any remaining fraction of a month is ignored. (2) Retired pay not a whole-dollar multiple is rounded down to the next dollar.
(d) In addition, a full TSP member, as defined in section 8440e(a) of title 5, of the Coast Guard is entitled to continuation pay under section 356 of title 37.
The retired pay of a member who first became a member of a uniformed service (as defined in section 101 of title 10) before September 8, 1980, is determined by multiplying—
the sum of—
the basic pay of the member’s retired grade or rate, and
all permanent additions thereto including longevity credit to which the member was entitled at the time of retirement; by
the retired pay multiplier determined under section 1409 of title 10 for the number of years of service that may be credited to the member under section 1405 of such title.
In the case of an officer who served as Commandant*, retired pay under paragraph (1) shall be computed at the highest rate of basic pay applicable to the officer while so serving.
In the case of an enlisted member who served as the master chief petty officer of the Coast Guard, retired pay under paragraph (1) shall be computed at the highest rate of basic pay to which the member was entitled while so serving, if that basic pay is greater than the basic pay of the grade or rate to which the member is otherwise entitled at the time of retirement.
In the case of an officer whose retired pay is computed on the pay of a grade for which basic pay is not based upon years of service, retired pay under paragraph (1) shall be computed on the basis of the number of years of service for which the officer would be entitled to credit in the computation of pay on the active list had the officer been serving in the grade of captain at the time of retirement.
The retired pay of a member who first became a member of a uniformed service (as defined in section 101 of title 10) on or after September 8, 1980, is determined by multiplying—
the retired pay base determined under section 1407 of title 10; by
the retired pay multiplier determined under section 1409 of title 10 for the number of years of service that may be credited to the member under section 1405 of such title.
In computing for the purpose of subsection (a) or (b) the number of years of service that may be credited to a member under section 1405 of title 10—
each full month of service that is in addition to the number of full years of service creditable to the member shall be counted as 1⁄12 of a year; and
any remaining fractional part of a month shall be disregarded.
Retired pay computed under this section, if not a multiple of $1, shall be rounded to the next lower multiple of $1.
In addition to amounts computed pursuant to subsections (a) through (c) of this section, a full TSP member (as defined in section 8440e(a) of title 5) of the Coast Guard is entitled to continuation pay pursuant to section 356 of title 37.
Source credit: (Aug. 4, 1949, ch. 393, 63 Stat. 525, § 423; Aug. 3, 1950, ch. 536, § 23, 64 Stat. 407; Pub. L. 85–422, § 11(b), May 20, 1958, 72 Stat. 132; Pub. L. 88–132, § 5(i), Oct. 2, 1963, 77 Stat. 214; Pub. L. 92–455, § 2, Oct. 2, 1972, 86 Stat. 761; Pub. L. 96–342, title VIII, § 813(f)(2), Sept. 8, 1980, 94 Stat. 1109; Pub. L. 97–295, § 2(12), Oct. 12, 1982, 96 Stat. 1302; Pub. L. 98–94, title IX, §§ 922(b), 923(d), Sept. 24, 1983, 97 Stat. 642, 643; Pub. L. 98–557, § 15(a)(3)(A), Oct. 30, 1984, 98 Stat. 2865; Pub. L. 99–348, title II, § 205(a), July 1, 1986, 100 Stat. 699; Pub. L. 115–141, div. F, title II, § 225, Mar. 23, 2018, 132 Stat. 616; Pub. L. 115–232, div. C, title XXXV, § 3531(c)(13), Aug. 13, 2018, 132 Stat. 2320; renumbered § 2504, Pub. L. 115–282, title I, § 114(b), Dec. 4, 2018, 132 Stat. 4223.)
- 1949Enacted · Act of Aug. 4, 1949, ch. 393 · 63 Stat. 525
- 1950Amended · Act of Aug. 3, 1950, ch. 536 · 64 Stat. 407
- 1958Amended · Pub. L. 85-422 · 72 Stat. 132
- 1963Amended · Pub. L. 88-132 · 77 Stat. 214
- 1972Amended · Pub. L. 92-455 · 86 Stat. 761
- 1980Amended · Pub. L. 96-342 · 94 Stat. 1109
- 1982Amended · Pub. L. 97-295 · 96 Stat. 1302
- 1983Amended · Pub. L. 98-94 · 97 Stat. 642, 643
- 1984Amended · Pub. L. 98-557 · 98 Stat. 2865
- 1986Amended · Pub. L. 99-348 · 100 Stat. 699
- 2018Amended · Pub. L. 115-141 · 132 Stat. 616
- 2018Amended · Pub. L. 115-232 · 132 Stat. 2320
- 2018Amended · Pub. L. 115-282 · 132 Stat. 4223
A history note hasn’t been published yet. The record shows enactment by ch. 393 on 1949-08-04.
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