Retired Pay Restoration Act

This bill, S 1515 (Retired Pay Restoration Act), allows military retirees with service-connected disabilities to receive both their retired pay and veterans' disability compensation simultaneously, starting January 1, 2024. It directly affects military retirees who are eligible for both benefits but were previously required to choose one due to a prior law. The key change eliminates a previous phase-in period and removes a requirement that forced retirees to forgo one benefit, instead establishing clear eligibility for concurrent receipt. The amendment applies to payments for months beginning on or after the effective date.