S.Amdt. 3766

1. Adds SEC. 626. ELIGIBILITY FOR PAYMENT OF BOTH RETIRED PAY AND VETERANS' DISABILITY COMPENSATION FOR MILITARY RETIREES WITH SERVICE-CONNECTED DISABILITIES RATED 40 PERCENT DISABLING at the end of subtitle C of title VI

   Adds a section

   In S. 2410 · Placed on Calendar Senate

   (4) in paragraph (3), by striking "or fiduciary" in the paragraph caption and inserting ", fiduciary, or trust".

   Inserted: SEC. 626. ELIGIBILITY FOR PAYMENT OF BOTH RETIRED PAY AND VETERANS' DISABILITY COMPENSATION FOR MILITARY RETIREES WITH SERVICE-CONNECTED DISABILITIES RATED 40 PERCENT DISABLING.

   Inserted: (a) In General.--Subsection (a)(2) of section 1414 of title 10, United States Code, is amended by striking "means" and all that follows and inserting "means the following:

   Inserted: "(A) During the period beginning on January 1, 2004, and ending on June 30, 2015, a service-connected disability or combination of service-connected disabilities that is rated as not less than 50 percent disabling by the Secretary of Veterans Affairs.

   Inserted: "(B) After June 30, 2015, a service-connected disability or combination of service-connected disabilities that is rated as not less than 40 percent disabling by the Secretary of Veterans Affairs.".

   Inserted: (b) Clerical Amendments.--

   Inserted: (1) The heading of such section is amended to read as follows:

   Inserted: "Sec. 1414. Members eligible for retired pay who are also eligible for veterans' disability compensation rated 40 percent or higher: concurrent payment of retired pay and

   Inserted: disability compensation".

   Inserted: (2) The item relating to such section in the table of sections at the beginning of chapter 71 of such title is amended to read as follows:

   Inserted: "1414. Members eligible for retired pay who are also eligible for veterans' disability compensation rated 40 percent or higher: concurrent payment of retired pay and disability compensation.".

   Inserted: (c) Effective Date.--The amendments made by this section shall take effect on July 1, 2015, and shall apply to payments for months beginning on or after that date.

   Inserted: SEC. 627. COORDINATION OF SERVICE ELIGIBILITY FOR COMBAT-RELATED SPECIAL COMPENSATION AND CONCURRENT RECEIPT.

   Show 5 more inserted paragraphsShow less

   Inserted: (a) Amendment To Standardize Similar Provisions.--Paragraph (2) of section 1414(b) of title 10, United States Code, is amended to read as follows:

   Inserted: "(2) Special rule for retirees with fewer than 20 years of service.--The retired pay of a qualified retiree who is retired under chapter 61 of this title with fewer than 20 years of creditable service is subject to reduction by the lesser of--

   Inserted: "(A) the amount of the reduction under sections 5304 and 5305 of title 38; or

   Inserted: "(B) the amount (if any) by which the amount of the member's retired pay under such chapter exceeds the amount equal to 2\1/2\ percent of the member's years of creditable service multiplied by the member's retired pay base under section 1406(b)(1) or 1407 of this title, whichever is applicable to the member.".

   Inserted: (b) Effective Date.--The amendment made by subsection (a) shall take effect on July 1, 2015, and shall apply to payments for months beginning on or after that date.

   Original wording

   At the end of subtitle C of title VI, add the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed