View all text of Chapter 16 [§ 711 - § 776]

§ 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 between—

Retired pay not in excess of $1,500 shall be increased by—

Retired pay in excess of $1,500 shall be

increased by—

June 20, 1918, and June 30, 1955

12 per centum

8 per centum.

July 1, 1955, and December 31, 1955

10 per centum

7 per centum.

(July 9, 1956, ch. 524, 70 Stat. 510.)