Survivor Benefit Plan: Hearing, Ninety-second Congress, Second Session, on H.R. 10670 ...

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Page 32 - ... executive secretary of the Fleet Reserve Association here ? Mr. NOLAN. I have accompanying me my legislative assistant, Mr. Jack Yelverton, sir. Senator SYMINGTON. Fine. Do you have a prepared statement ? Mr. NOLAN. I do, sir. About 12 minutes' duration. Senator SYMINGTON. Will you read it, please ? STATEMENT OF ROBERT W. NOLAN, NATIONAL EXECUTIVE SECRETARY, FLEET RESERVE ASSOCIATION; ACCOMPANIED BY JACK YELVERTON, LEGISLATIVE ASSISTANT Mr. NOLAN. Thank you. Mr. Chairman and members of the committee,...
Page 35 - INTRODUCTION Mr. Chairman and members of this distinguished Committee, I am Robert W. Nolan, National Executive Secretary of the Fleet Reserve Association. The...
Page 119 - By adding the following now section at the end thereof: "§ 1406. Limitations on revocation of retired pay "After a person has been granted retired pay under chapter 67 of this title, or has been notified in accordance with section 1331 (d) of this title that he has completed the years of service required...
Page 111 - (A) to a person who Is eligible to participate in the Plan under paragraph (1) (A) and who is married or has a dependent child when he becomes entitled to retired or retainer pay...
Page 118 - Annuities payable under this Plan shall be in addition to any pensions or other payments to which the beneficiaries may now or hereafter be entitled under other provisions of law (except as provided in § 48.507) , and may not be considered as income under any law administered by the Veterans...
Page 118 - ... (e) Whenever retired or retainer pay is increased under section 1401a of this title, each annuity that is payable under this subchapter on the day before the effective date of that increase to a spouse or a child of a member who died on or before March 20, 1974, shall be increased at the same time by the same total percent.".
Page 65 - ... cost of military retirement will surpass $16 billion and that is why I say it has become unmanageable and something must be done about it. The committee makes the following comments for the record concerning the question of 7.0% imputed military retirement contribution. The committee would point out that since there is no accepted comparability system linking the various military and Civil Service pay grades it cannot there74-696 O - 72 - pt. 1-4 fore be reasonably said that military basic pay...
Page 118 - ... (d) If, upon the death of a person to whom section 1448 of this title applies, that person had in effect a waiver of his retired or retainer pay for the purposes of subchapter III of chapter 83 of title 5, an annuity under this section shall not be payable unless, in accordance with section...
Page 118 - ... 10 percent of the remainder of the base amount. The retired or retainer pay of a person who has elected to provide an annuity to a person designated...
Page 119 - Those regulations, which shall, so far as practicable be uniform for all the armed forces, shall include provisions — "(a)-that when the notification referred to in section 1448(a) of this title is required, the member and his spouse shall before the date the member becomes entitled to retired or retainer pay be informed of the elections available and the effects of such elections; and...

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