
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC12739]

 
                         TITLE 10--ARMED FORCES
 
                     Subtitle E--Reserve Components
 
                      PART II--PERSONNEL GENERALLY
 
            CHAPTER 1223--RETIRED PAY FOR NON-REGULAR SERVICE
 
Sec. 12739. Computation of retired pay

    (a) The monthly retired pay of a person entitled to that pay under 
this chapter is the product of--
        (1) the retired pay base for that person as computed under 
    section 1406(b)(2) or 1407 of this title; and
        (2) 2\1/2\ percent of the years of service credited to that 
    person under section 12733 of this title.

    (b) The amount computed under subsection (a) may not exceed 75 
percent of the retired pay base upon which the computation is based.
    (c) Amounts computed under this section, if not a multiple of $1, 
shall be rounded down to the next lower multiple of $1.

(Added Pub. L. 103-337, div. A, title XVI, Sec. 1662(j)(1), Oct. 5, 
1994, 108 Stat. 3004.)


                            Prior Provisions

    Provisions similar to those in this section were contained in 
formula 3 of the table in section 1401(a) of this title, prior to 
amendment by Pub. L. 103-337, Sec. 1662(j)(2).


                             Effective Date

    Section effective Dec. 1, 1994, except as otherwise provided, see 
section 1691 of Pub. L. 103-337, set out as a note under section 10001 
of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 1209, 12731 of this title.
