[USC02] 33 USC 763-2: Additional increase of retired pay
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*Public Laws 116-283 through 117-1 have been enacted but classifications have not yet been finalized. The currency ("laws in effect") date does not reflect acts for which classification has not been finalized.

33 USC 763-2: Additional increase of retired pay Text contains those laws in effect on February 25, 2021
From Title 33-NAVIGATION AND NAVIGABLE WATERSCHAPTER 16-LIGHTHOUSES
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§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:


 
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.

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