CLARIFICATION OF APPLICATION OF RETIRED PAY MULTIPLIER PERCENTAGE TO MEMBERS OF THE UNIFORMED SERVICES WITH OVER 30 YEARS OF SERVICE.

SEC. 646. CLARIFICATION OF APPLICATION OF RETIRED PAY MULTIPLIER PERCENTAGE TO MEMBERS OF THE UNIFORMED SERVICES WITH OVER 30 YEARS OF SERVICE.(a) Computation of Retired and Retainer Pay for Members of Naval Service.—The table in section 6333(a) of title 10, United States Code, is amended in Column 2 of Formula A by striking “75 percent.” and inserting “Retired pay multiplier prescribed under section 1409 for the years of service that may be credited to the member under section 1405.”.(b) Retired Pay for Certain Members Recalled to Active Duty.—The table in section 1402(a) of such title is amended by striking Column 3.(c) Effective Date.—The amendments made by subsections (a) and (b) shall take effect as of January 1, 2007, and shall apply with respect to retired pay and retainer pay payable on or after that date.