(a) The monthly retired pay or retainer pay of a member entitled to such pay under this chapter or under section
6970 or
6383 of this title is computed in accordance with the following table.
(b)
(1) Retired pay or retainer pay computed under this section, if not a multiple of $1, shall be rounded to the next lower multiple of $1.
(2) References in the table in subsection (a) are to sections of this title.
(c) In the case of a Reserve enlisted member whose grade upon transfer to the Fleet Reserve or Fleet Marine Corps Reserve is determined under section
6336 of this title and who first became a member of a uniformed service before September 8, 1980, the retainer pay base of the member (notwithstanding section
1406 (a)(1) of this title) is the amount of the monthly basic pay of the grade in which the member is so transferred (determined based upon the rates of basic pay applicable on the date of the members transfer), and that amount shall be used for the purposes of the table in subsection (a) rather than the amount computed under section
1406 (d) of this title.
