|
U.S. Code as of:
01/19/04
Section 763-2. Additional increase of retired pay
The annual rate of retired pay of each person retired under
section 763 of this title, as amended and supplemented, shall be
increased, effective on the first day of the first calendar month
following July 9, 1956, in accordance with the following schedule:
If retired pay commences Retired pay not Retired pay in
between - in excess of excess of
$1,500 shall be $1,500 shall
increased by - be
increased by -
--------------------------------------------------------------------
June 20, 1918, and June 12 per centum 8 per centum.
30, 1955
July 1, 1955, and December 10 per centum 7 per centum.
31, 1955
January 1, 1956, and June 8 per centum 6 per centum.
30, 1956
July 1, 1956, and December 6 per centum 4 per centum.
31, 1956
January 1, 1957, and June 4 per centum 2 per centum.
30, 1957
July 1, 1957, and December 2 per centum 1 per centum.
31, 1957
--------------------------------------------------------------------
Such annual increase in retired pay shall not exceed the sum
necessary to increase such retired pay to $4,104. The monthly
installment of each retired payment so increased shall be fixed at
the nearest dollar.
|
|