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-
The retired pay so computed may not exceed 75 percent of the retired pay base.
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-
In computing the number of years of service of an officer for the purposes of subsection (a)-
Retired pay computed under this section, if not a multiple of $1, shall be rounded to the next lower multiple of $1.
33 U.S.C. § 3045
EDITORIAL NOTES
PRIOR PROVISIONSProvisions similar to those in this section were contained in section 853o of this title prior to repeal by Pub. L. 107-372.
AMENDMENTS2015-Subsec. (a)(2). Pub. L. 114-92 amended par. (2) generally. Prior to amendment, par. (2) read as follows: "21/2 percent of 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."
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATE OF 2015 AMENDMENT; IMPLEMENTATIONAmendment by Pub. L. 114-92 effective Jan. 1, 2018, with certain implementation requirements, see section 635 of Pub. L. 114-92 set out as a note under section 8432 of Title 5, Government Organization and Employees.