10 U.S.C. § 1412 — Administrative provisions

submitted 40 years ago by Pub. L. 99-348 to r/title-10-ARMED-FORCES · 65 words · no verdicts yet

in plain englishAI-generated · not legal advice

Amounts calculated under this chapter that are not whole dollars are rounded down to the nearest dollar. Retired and retainer pay is paid on the first day of each month after the right to that pay arises.

(a) Rounding. An amount calculated under this chapter that is not a multiple of $1 must be rounded to the next lower whole dollar. (b) Payment date. Retired pay and retainer pay owed to a retired uniformed-service member must be paid on the first day of each month beginning after the month in which the right to the pay arises.

the actual law source: uscode.house.gov ↗public domain

(a)Rounding.—

Amounts computed under this chapter, if not a multiple of $1, shall be rounded to the next lower multiple of $1.

(b)Payment Date.—

Amounts of retired pay and retainer pay due a retired member of the uniformed services shall be paid on the first day of each month beginning after the month in which the right to such pay accrues.

Source credit: (Added Pub. L. 99–348, title I, § 105, July 1, 1986, 100 Stat. 691; amended Pub. L. 111–383, div. A, title VI, § 632(a), (b)(1), Jan. 7, 2011, 124 Stat. 4240.)

history & why it existsrecord from the source credit

1986Enacted · Pub. L. 99-348 · 100 Stat. 691
2011Amended · Pub. L. 111-383 · 124 Stat. 4240

A history note hasn’t been published yet. The record shows enactment by Pub. L. 99-348 on 1986-07-01.

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