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33 U.S.C. § 3045 — Computation of retired pay

submitted 24 years ago by Pub. L. 107-372 to r/title-33-NAVIGATION-AND-NAVIGABLE-WATERS · 319 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Officers first becoming members before September 8, 1980

Each officer on the retired list who first became a member of a uniformed service before September 8, 1980, shall receive retired pay at the rate determined by multiplying—

(1)

the retired pay base determined under section 1406(g) of title 10; by

(2)

the retired pay multiplier determined under section 1409 of such title for the number of years of service that may be credited to the officer under section 1405 of such title as if the officer’s service were service as a member of the Armed Forces.

The retired pay so computed may not exceed 75 percent of the retired pay base.

(b) Officers first becoming members on or after September 8, 1980

Each officer on the retired list who first became a member of a uniformed service on or after September 8, 1980, shall receive retired pay at the rate determined by multiplying—

(1)

the retired pay base determined under section 1407 of title 10; by

(2)

the retired pay multiplier determined under section 1409 of such title for the number of years of service that may be credited to the officer under section 1405 of such title as if the officer’s service were service as a member of the Armed Forces.

(c) Treatment of full and fractional parts of months in computing years of service
(1) In general

In computing the number of years of service of an officer for the purposes of subsection (a)—

(A)

each full month of service that is in addition to the number of full years of service creditable to the officer shall be credited as 1⁄12 of a year; and

(B)

any remaining fractional part of a month shall be disregarded.

(2) Rounding

Retired pay computed under this section, if not a multiple of $1, shall be rounded to the next lower multiple of $1.

Source credit: (Pub. L. 107–372, title II, § 245, Dec. 19, 2002, 116 Stat. 3089; Pub. L. 114–92, div. A, title VI, § 631(c)(3), Nov. 25, 2015, 129 Stat. 844.)

history & why it existsrecord from the source credit
  • 2002Enacted · Pub. L. 107-372 · 116 Stat. 3089
  • 2015Amended · Pub. L. 114-92 · 129 Stat. 844

A history note hasn’t been published yet. The record shows enactment by Pub. L. 107-372 on 2002-12-19.

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