View all text of Chapter 71 [§ 1401 - § 1415]
§ 1412. Administrative provisions
(a)Rounding.—Amounts computed under this chapter, if not a multiple of $1, shall be rounded to the next lower multiple of $1.
(b)Payment Date.—Amounts of retired pay and retainer pay due a retired member of the uniformed services shall be paid on the first day of each month beginning after the month in which the right to such pay accrues.
(Added Pub. L. 99–348, title I, § 105, July 1, 1986, 100 Stat. 691; amended Pub. L. 111–383, div. A, title VI, § 632(a), (b)(1), Jan. 7, 2011, 124 Stat. 4240.)