S. 25: To ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.
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S. 25: To ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.
113th Congress · introduced 2013-01-22 · Economics and Public Finance · Latest: Became Public Law No: 113-82.
federal
Follow this bill, step by step
- Where it came from: introduced 2013-01-22 · official record
- Who proposed it: Sen. Hatch, Orrin G. [R-UT] · what a sponsor is
- What happened next: 2 recorded votes in our records. Latest: Senate vote 35 (2014): On the Motion, S25 (2014-02-12), Motion Agreed to. See all
- Where it stands now: Became Public Law No: 113-82. (final step reached)
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
To ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.
Plain summary
(This measure has not been amended since it was passed by the House on February 11, 2014. The summary of that version is repeated here.) Amends the Balanced Budget and Emergency Deficit Control Act of 1985, with respect to the implementation of direct spending reductions, to require the President to order a sequestration for FY2024 on the date the Office of Management and Budget (OMB) issues its sequestration preview report for such fiscal year. Makes the reduction in annual cost-of-living adjustments of military retired pay for armed forces members under age 62 enacted by the Bipartisan Budget Act of 2013 inapplicable to those who first became members before January 1, 2014. (That Act reduced the cost-of-living adjustments from the full Consumer Price Index [CPI] to the CPI less 1%.) Amends title XVIII (Medicare) of the Social Security Act to replace the requirement to establish a Medicare Improvement Fund with one that requires the Secretary of Health and Human Services (HHS) to establish a Transitional Fund for Sustainable Growth Rate (SGR) Reform, available to provide funds to pay for physicians' services under part B (Supplementary Medical Insurance) to supplement the conversion factor for 2017 if the conversion factor for that year is less than that for 2013. Makes $2.3 billion available to the Fund from the Federal Supplementary Medical Insurance Trust Fund for expenditures during or after 2017.
Congressional Research Service summary (Public Law), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
To ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Hatch, Orrin G. [R-UT] · 1 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Mike Lee (R-UT)
Recorded votes
- House roll call 60 (2014): On Motion to Suspend the Rules and Pass, as Amended, S25 (2014-02-11): Passed
- Senate vote 35 (2014): On the Motion, S25 (2014-02-12): Motion Agreed to
Words on this page, explained (2)
- Fiscal year
- The 12-month period a government uses for its budget. The federal fiscal year runs from October 1 to September 30 and is named for the calendar year in which it ends. Most states use July 1 to June 30.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Public Law)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113s25.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/s>
Record fed-us-cong113-s25 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113