A bill to amend title 10, United States Code, to reduce for 60 to 55 the age at which a member of the Armed Forces may retire for non-regular service and to provide that the retired pay of such a member retiring before the age of 60 shall be reduced in a manner determined by the Secretary of Defense.

[AI summary unavailable — showing source text] Reduces the age at which a member of the Armed Forces may retire from nonregular service from 60 to 55. Requires the Secretary of Defense to reduce by regulation the retired pay of such persons solely to ensure that there is no actuarial cost to the Government because of such retirement.…