The "Retired Pay Restoration Act" expands eligibility for military retirees to receive both retired pay and veteran's disability compensation, regardless of disability rating. It removes the previous requirement that retirees have a service-connected disability rated at 50% or higher to receive both payments. This change ensures that qualified retirees, excluding certain Chapter 61 retirees, can receive both benefits without reduction. The act takes effect on January 1, 2021, applying to payments for months beginning on or after that date.
