Full Committee Consideration of S. 3191, to Provide Authority to the Army to Involuntarily Discharge Regular Officers in Grades Below Major During a Reduction in Force ...: Hearing Before the Committee on Armed Services, House of Representatives, Ninety-third Congress, Second Session, December 10, 1974, Volume 5

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U.S. Government Printing Office, 1975 - 52 pages

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Page 15 - Mr. Chairman and Members of the Committee: It is my pleasure to appear before you today to bring you up to date on the good news about the Naval Reserve and to look ahead to the future. I will discuss my "report card" for the past year and present our program for Fiscal Year 1986.
Page 2 - ... a part of a year that is six months or more is counted as a whole year and a part of a year that is less than six months is disregarded.
Page 8 - Be it enacted by the Senate and House of Representatives of the Vnited States of America in Congress assembled, That this Act may be cited as the Bank Holding Company Act of 1947.
Page 2 - Any officer discharged under subsection (b) (3) and who has completed, immediately before his discharge, at least five years of continuous active duty is entitled to a readjustment payment computed by multiplying his years of active service, but not more than eighteen, by two months' basic pay of the grade in which he is serving on the date of his discharge.
Page 2 - ... for the second time and whose name is not on a list of officers recommended for promotion to the next higher regular grade shall — (1) be discharged on the date requested by him and approved by the Secretary...
Page 2 - USCS § 687(a) — which (1) provides that an otherwise eligible member of a reserve component of the armed forces, who is involuntarily released from active duty, and who has completed, immediately before his release, "at least five years of continuous active duty," is entitled to a readjustment payment computed by multiplying his "years of active service
Page 2 - Each officer discharged under this section or under section 282, 283, or 284 of this title is entitled to a lump-sum payment computed by multiplying his years of active commissioned service, but not more than twelve, by two months' basic pay of the grade in which he is serving on the date of his discharge.
Page 52 - Those in favor, signify by saying aye. Opposed, no. The ayes have it. The amendment is agreed to.
Page 2 - June 28, 1962, qualifies for retired pay under any provision of this title or title 14 that authorizes his retirement upon completion of twenty years of active service, an amount equal to 75 percent of that payment, without interest, shall be deducted immediately from his retired pay.
Page 51 - The proviso that requires written notification to the Committees on Armed Services and Appropriations of the House and Senate...

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