Page:United States Statutes at Large Volume 97.djvu/676

 97 STAT. 644 PUBLIC LAW 98-94—SEPT. 24, 1983 10 USC 1174 note. 10 USC 1331 note. is counted as one-twelfth of a year and any remaining fractional part of a month is disregarded.". (g) The amendments made by this section shall apply with respect to (1) the computation of retired or retainer pay of any individual who becomes entitled to that pay after SeptemtJer 30, 1983, and (2) the recomputation of retired pay under section 1402, 1402a, 3992, or 8992 of title 10, United States Code, of any individual who after September 30, 1983, becomes entitled to recompute retired pay under any such section. RETIRED PAY FOR CERTAIN OTHERWISE INELIGIBLE RESERVISTS SEC. 924. (a) Section 1331(c) of title 10, United States Code, relating to retired pay for nonregular service, is amended by striking out "unless he' the first place it appears and all that follows in such section and inserting in lieu thereof "unless— "(1) he performed active duty after April 5, 1917, and before November 12, 1918, or after September 8, 1940, and before January 1, 1947; or "(2) he performed active duty (other than for training) after June 26, 1950, and before July 28, 1953, after August 13, 1961, and before May 31, 1963, or after August 4, 1964, and before March 28, 1973.". (b) The amendment made by subsection (a) shall apply with respect to retired pay payable for months beginning after September 30, 1983, or the date of the enactment of this Act, whichever is later. 10 USC 1461. "Military retirement and survivor benefit programs." ACCRUAL FUNDING FOR MILITARY RETIREMENT SYSTEM SEC. 925. (a)(1) Title 10, United States Code, is amended by insert- ing after chapter 73 the following new chapter: " CHAPTER 74—DEPARTMENT OF DEFENSE MILITARY RETIREMENT FUND "Sec. "1461. Establishment and purpose of Fund; definition. "1462. Assets of Fund. "1463. Payments from the Fund. "1464. Board of Actuaries. "1465. Determination of contributions to the Fund. "1466. Payments into the Fund. "1467. Investment of assets of Fund. "§ 1461. Establishment and purpose of Fund; definition "(a) There is established on the books of the Treasury a fund to be known as the Department of Defense Military Retirement Fund (hereinafter in this chapter referred to as the 'Fund'), which shall be administered by the Secretary of the Treasury. The Fund shall be used for the accumulation of funds in order to finance on an actuarially sound basis liabilities of the Department of Defense under military retirement and survivor benefit programs. "(b) In this chapter, 'military retirement and survivor benefit programs' means— "(1) the provisions of this title creating entitlement to, or determining the amount of, retired or retainer pay; and "(2) the programs under the jurisdiction of the Department of Defense providing annuities for survivors of members and

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