10 U.S.C. § 1439 — Refund of amounts deducted from retired pay
submitted 70 years ago by ch. 1041 to r/title-10-ARMED-FORCES · 92 words · no verdicts yet
A temporary-disability retiree who loses that status for reasons other than retirement or retired pay may receive a specified refund. The refund compares the annuity deduction with the cost of equivalent term insurance.
If a person on an armed force’s temporary disability retired list elected an annuity under this subchapter and is removed from the list for a reason other than retirement or receiving retired pay*, the person is entitled to the difference between the retired-pay reduction used to fund the annuity and the cost of term insurance providing the dependents’ protection during that time.
If a person whose name is on the temporary disability retired list of an armed force, and who has elected an annuity under this subchapter, has his name removed from that list for any reason other than retirement or grant of retired pay*, he is entitled to a refund of the difference between the amount by which his retired pay was reduced to provide the annuity and the cost of an amount of term insurance equal to the protection provided for his dependents during the period that he was on that list.
Source credit: (Aug. 10, 1956, ch. 1041, 70A Stat. 111; Pub. L. 92–425, § 1(2)(A), Sept. 21, 1972, 86 Stat. 706.)
- 1956Enacted · Act of Aug. 10, 1956, ch. 1041
- 1972Amended · Pub. L. 92-425 · 86 Stat. 706
A history note hasn’t been published yet. The record shows enactment by ch. 1041 on 1956-08-10.
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