$1,249,000,000 for Coast Guard retired pay
What the document says“For retired pay, including the payment of obligations otherwise chargeable to lapsed appropriations for this purpose, payments under the Retired Serviceman's Family Protection and Survivor Benefits Plans, payment for career status bonuses, payment of continuation pay under section 356 of title 37, United States Code, concurrent receipts, combat-related special compensation, and payments for medical care of retired personnel and their dependents under chapter 55 of title 10, United States Code, $1,249,000,000, to remain available until expended.”
The retired pay account for the Coast Guard. It covers pensions, survivor benefit plans, career status bonuses, continuation pay, concurrent receipts, combat-related special compensation, and medical care for retired personnel and their dependents. The money stays available until spent.
What the document actually says“For retired pay, including the payment of obligations otherwise chargeable to lapsed appropriations for this purpose, payments under the Retired Serviceman's Family Protection and Survivor Benefits Plans, payment for career status bonuses, payment of continuation pay under section 356 of title 37, United States Code, concurrent receipts, combat-related special compensation, and payments for medical care of retired personnel and their dependents under chapter 55 of title 10, United States Code, $1,249,000,000, to remain available until expended.”
Retired Coast Guard pay costs $1,249,000,000. The money also covers care for retirees and their families.
People who served draw a pension for life. Some also draw extra pay for wounds. This account pays all of that.
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