Military Retirement Reform Act of 1986

[AI summary unavailable — showing source text] Military Retirement Reform Act of 1986 - Title I: Program Changes - Amends Federal law relating to the computation of retired pay for members of the armed forces to provide for the retired pay multiplier for regular-service nondisability retirement (a percentage multiplied by the number of years of service). Reduces such percentage for members with less than 30 years of service. Requires the use of the retired pay base in computing the retired pay or retainer pay of a member. Defines the retired pay base for members who: (1) retire due to physical disability; (2) retire from non-regular service (reserve duty); (3) retire as warrant officers; (4) are involuntarily retired due to years of service or age; (5) retire, but whose retired pay must be recomputed because of later additional active duty; and (6) voluntarily retire from the Army, Navy, Marine Corps, Air Force, and Coast Guard. Defines the retired pay base for commissioned officers of the National Oceanic and Atmospheric Administration (NOAA) and of the Public Health Service. (States that the retired pay base in all such cases is either: (1) the monthly basic pay of the member upon retiring; or (2) the high-period average of s…