§ 7361 — Computation Of Retired Pay

(1) The monthly retired pay of a member entitled to such pay under this subtitle is computed by multiplying— (A) the member’s retired pay base (as computed under section 1406(c) or 1407 of this title), by (B) the retired pay multiplier prescribed in section 1409 of this title for the number of years credited to the member under section 1405 of this title. (2) as that term is defined in section 12731 of this title)). The Secretary’s determination as to extraordinary heroism is conclusive for all purposes. (1) If a person would otherwise be entitled to retired pay computed under more than one formula in subsection (a) or the table in section 1401 of this title, he is entitled to be paid under the applicable formula that is most favorable to him. (2) The amount computed under subsection (a), if not a multiple of $1, shall be rounded to the next lower multiple of $1. (c) In the case of a Reserve enlisted member retired under section 7314 of this title whose retired grade is determined under section 7343 of this title and who first became a member of a uniformed service before September 8, 1980, the retired pay base of the member (notwithstanding section 1406(a)(1) of this title) is the amount of the monthly basic pay of the member’s retired grade (determined based upon the rates of basic pay applicable on the date of the member’s retirement), and that amount shall be used for the purposes of subsection (a)(1)(A) rather than the amount computed under section 1406(c) of this title.