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2016 US Code
Title 33 - Navigation and Navigable Waters
Chapter 16 - Lighthouses
Sec. 763-2 - Additional increase of retired pay

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Citation 33 U.S.C. § 763-2 (2016)
Section Name §763–2. Additional increase of retired pay
Section Text

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.
January 1, 1956, and June 30, 1956 8 per centum 6 per centum.
July 1, 1956, and December 31, 1956 6 per centum 4 per centum.
January 1, 1957, and June 30, 1957 4 per centum 2 per centum.
July 1, 1957, and December 31, 1957 2 per centum 1 per centum.

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.
Source Credit

(July 9, 1956, ch. 524, 70 Stat. 510.)
Publication Title United States Code, 2012 Edition, Supplement 4, Title 33 - NAVIGATION AND NAVIGABLE WATERS
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 33 - NAVIGATION AND NAVIGABLE WATERS
CHAPTER 16 - LIGHTHOUSES
Sec. 763-2 - Additional increase of retired pay
Contains section 763-2
Date 2016
Laws In Effect As Of Date January 6, 2017
Positive Law No
Disposition standard
Statutes at Large Reference 70 Stat. 510
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