
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: 33USC763-2]

 
                TITLE 33--NAVIGATION AND NAVIGABLE WATERS
 
                         CHAPTER 16--LIGHTHOUSES
 
Sec. 763-2. Additional increase of retired pay

    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:



                                 Retired pay not in     Retired pay in
   If retired pay commences       excess of $1,500     excess of $1,500
          between--              shall be increased        shall be
                                        by--            increased by--

June 20, 1918, and June 30,    12 per centum........  8 per centum.
 1955.
July 1, 1955, and December     10 per centum........  7 per centum.
 31, 1955.
January 1, 1956, and June 30,  8 per centum.........  6 per centum.
 1956.
July 1, 1956, and December     6 per centum.........  4 per centum.
 31, 1956.
January 1, 1957, and June 30,  4 per centum.........  2 per centum.
 1957.
July 1, 1957, and December     2 per centum.........  1 per centum.
 31, 1957.



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.

(July 9, 1956, ch. 524, 70 Stat. 510.)
