14 U.S. Code § 284 - Regular Coast Guard; officers serving under temporary appointments

(a) Each officer of the Regular Coast Guard appointed under section 214 of this title who is serving in the grade of lieutenant (junior grade) or lieutenant and who has failed of selection for promotion to the grade of lieutenant or lieutenant commander, respectively, for the second time shall:
(1) be honorably discharged on June 30 of the promotion year in which his second failure of selection occurs; or
(2) if he so requests, be honorably discharged at an earlier date without loss of benefits that would accrue if he were discharged on that date under clause (1); or
(3) if on the date specified for his discharge in this section he is eligible for retirement under any law, be retired under that law on that date.
(b) Each officer subject to discharge or retirement under subsection (a) may elect to revert to his permanent grade.

Source

(Added Pub. L. 88–130, § 1(10)(C),Sept. 24, 1963, 77 Stat. 184; amended Pub. L. 94–546, § 1(23),Oct. 18, 1976, 90 Stat. 2520.)
Amendments

1976—Subsec. (a)(1). Pub. L. 94–546substituted “promotion year” for “fiscal year”.
Retired Pay on or Prior to September 24, 1963

Savings provisions in section 5(g) ofPub. L. 88–130providing that Pub. L. 88–130does not affect the retired pay of anyone retired on or prior to Sept. 24, 1963, are set out as a note under section 211 of this title.
Effectiveness of Election, Change, or Revocation of Election of Annuity

Savings provisions in section 5(h) ofPub. L. 88–130providing that notwithstanding section 1431 of Title 10, Armed Forces, an election, change or revocation thereof affecting an annuity, by an officer retired under this section, is effective if made prior to the first day of the third month following September 1963, are set out as a note under section 211 of this title.

 

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