To ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.
PL 113-82 (S.25), enacted 02/15/2014

[113th Congress Public Law 82]
[From the U.S. Government Publishing Office]



[[Page 128 STAT. 1009]]

Public Law 113-82
113th Congress

                                 An Act


 
   To ensure that the reduced annual cost-of-living adjustment to the 
retired pay of members and former members of the Armed Forces under the 
 age of 62 required by the Bipartisan Budget Act of 2013 will not apply 
 to members or former members who first became members prior to January 
  1, 2014, and for other purposes. <<NOTE: Feb. 15, 2014 -  [S. 25]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. EXTENSION OF DIRECT SPENDING REDUCTION FOR FISCAL YEAR 
                              2024.

    Paragraph (6)(B) of section 251A of the Balanced Budget and 
Emergency Deficit Control Act of 1985 (2 U.S.C. 901a) is amended by 
striking ``and for fiscal year 2023'' and by inserting ``, for fiscal 
year 2023, and for fiscal year 2024''.
SEC. 2. INAPPLICABILITY OF REDUCED ANNUAL ADJUSTMENT OF RETIRED 
                    PAY FOR MEMBERS OF THE ARMED FORCES UNDER THE 
                    AGE OF 62 UNDER THE BIPARTISAN BUDGET ACT OF 
                    2013 WHO FIRST BECAME MEMBERS PRIOR TO JANUARY 
                    1, 2014.

    (a) In General.--Section 1401a(b)(4) of title 10, United States 
Code, as added by section 403(a) of the Bipartisan Budget Act of 2013 
(Public Law 113-67) and amended by section 10001 of the Department of 
Defense Appropriations Act, 2014 (Public Law 113-76), is amended by 
adding at the end the following new subparagraph:
                    ``(G) Members covered.--This paragraph applies to a 
                member or former member of an armed force who first 
                became a member of a uniformed service on or after 
                January 1, 2014.''.

    (b) <<NOTE: 10 USC 1401a note.>>  Effective Date.--The amendment 
made by subsection (a) shall take effect on December 1, 2015, 
immediately after the coming into effect of section 403 of the 
Bipartisan Budget Act of 2013 and the amendments made by that section.
SEC. 3. TRANSITIONAL FUND FOR SUSTAINABLE GROWTH RATE (SGR) 
                    REFORM.

    Section 1898 of the Social Security Act (42 U.S.C. 1395iii) is 
amended--
            (1) by amending the heading to read as follows: 
        ``transitional fund for sustainable growth rate (sgr) reform'';
            (2) by amending subsection (a) to read as follows:

    ``(a) Establishment.--The Secretary shall establish under this title 
a Transitional Fund for Sustainable Growth Rate (SGR) Reform (in this 
section referred to as the `Fund') which shall be available

[[Page 128 STAT. 1010]]

to the Secretary to provide funds to pay for physicians' services under 
part B to supplement the conversion factor under section 1848(d) for 
2017 if the conversion factor for 2017 is less than conversion factor 
for 2013.'';
            (3) in subsection (b)(1), by striking ``during--'' and all 
        that follows and inserting ``during or after 2017, 
        $2,300,000,000.''; and
            (4) in subsection (b)(2), by striking ``from the Federal'' 
        and all that follows and inserting ``from the Federal 
        Supplementary Medical Insurance Trust Fund.''.

    Approved February 15, 2014.

LEGISLATIVE HISTORY--S. 25:
---------------------------------------------------------------------------

SENATE REPORTS: No. 113-15 (Comm. on Energy and Natural Resources).
CONGRESSIONAL RECORD:
                                                        Vol. 159 (2013):
                                    June 19, considered and passed 
                                        Senate.
                                                        Vol. 160 (2014):
                                    Feb. 11, considered and passed 
                                        House, amended.
                                    Feb. 12, Senate concurred in House 
                                        amendment.

                                  <all>