AUTHORIZATION OF TEMPORARY RATE OF BASIC PAY APPLICABLE TO CERTAIN MEMBERS WITH OVER 24 YEARS OF SERVICE.

SEC. 4402. AUTHORIZATION OF TEMPORARY RATE OF BASIC PAY APPLICABLE TO CERTAIN MEMBERS WITH OVER 24 YEARS OF SERVICE. (a) Temporary Rate of Basic Pay.—Subject to subsection (b), the rate of monthly basic pay for a member of the uniformed services who is entitled to such pay under section 204 of title 37, United States Code, is in pay grade E–7, E–8, E–9, W–4, W–5, or O–6, and has over 24, but under 26, years of service (as computed under section 205 of such title) shall be as set forth in the following table: Temporary Rate of Monthly Basic Pay Pay Grade 24–26 Years of Service E–7 $2,359.30 E–8 $2,639.70 E–9 $2,977.70 W–4 $3,430.90 W–5 $3,827.30 O–6 $5,417.70 (b) Temporary Application of Pay Rate.—The rates of monthly basic pay established under subsection (a) shall be effective for months beginning after December 31, 1992, and before October 1, 1995, except that a member of the uniformed services who is entitled to a rate of special pay under such subsection on September 1, 1995, shall continue to be entitled to such rate (and any adjustment pursuant to subsection (c)) so long as the member remains entitled to basic pay under section 204 of title 37, United States Code, and is in pay grade E–7, E–8, E–9, W–4, W–5, or 0–6. (c) Adjustments of Compensation.—The rates of monthly basic pay established under subsection (a) shall be adjusted in accordance with section 1009 of title 37, United States Code, or other applicable provision of law, except that the increase in the 106 STAT. 2702rates of basic pay made by section 601(b) shall not apply to the rates established under subsection (a).