Retired Pay Restoration Act

HR 303, the Retired Pay Restoration Act, allows certain disabled military retirees to receive both full retired pay and veterans’ disability compensation without forfeiting retired pay. It specifically extends this benefit to retirees with service-connected disabilities rated below 50% (previously ineligible), while continuing existing provisions for those with 50-90% ratings and 100% ratings. The bill eliminates the "one dollar for one dollar" offset for these retirees, effective January 2021, meaning they no longer lose retired pay to receive disability compensation. This directly affects disabled military retirees with qualifying service-connected disabilities under 50% who were previously required to sacrifice retired pay. The law amends Title 10 to redefine "qualified retirees" and streamline concurrent payment eligibility.