Uniformed Services Nondisability Retired Pay Reform Act

[AI summary unavailable — showing source text] Uniformed Services Nondisability Retired Pay Reform Act - Title I: Computation of Retired Pay of Members of Uniformed Services - Sets forth an alternative formula which members of the Armed Forces may use in computing retirement pay. Makes such new formula the basis for determining the retired pay for members of the Public Health Service who are involuntarily separated from the Service and for members of the Coast Guard and National Oceanic and Atmospheric Administration. Allows individuals under such formula to voluntarily resign with a minimum of five years active service and receive such retired pay. Revises the computation of retirement pay for the uniformed services to base such pay on: (1) "regular compensation" which includes basic pay, quarters and substinence allowances, and the tax benefits derived from excluding such allowances from gross income; and (2) "average regular compensation" which is the largest monthly rate resulting from averaging a member's rate of regular compensation in effect over any three periods of 12 months of creditable service. Requires members of the uniformed services who are involuntarily separated from the service and use the formula set forth i…