Amendments
1976—Pub. L. 94–546 substituted “promotion year” for “fiscal year” in cl. (1).
Retired Pay on or Prior to September 24, 1963
Savings provisions in section 5(g) of Pub. L. 88–130 providing that Pub. L. 88–130 does not affect the retired pay of anyone retired on or prior to Sept. 24, 1963, are set out as a note under section 211 of this title.
Effectiveness of Election, Change, or Revocation of Election of Annuity
Savings provisions in section 5(h) of Pub. L. 88–130 providing that notwithstanding section 1431 of Title 10, Armed Forces, an election, change or revocation thereof affecting an annuity, by an officer retired under this section, is effective if made prior to the first day of the third month following September 1963, are set out as a note under section 211 of this title.