Members eligible for retired pay who are also eligible for veterans’ disability compensation for disabilities rated 50 percent or higher: concurrent payment of retired pay and veterans’ disability compensation

Subject to subsection (b), a member or former member of the uniformed services who is entitled for any month to retired pay and who is also entitled for that month to veterans’ disability compensation for a qualifying service-connected disability (hereinafter in this section referred to as a “qualified retiree”) is entitled to be paid both for that month without regard to sections 5304 and 5305 of title 38. During the period beginning on January 1, 2004, and ending on December 31, 2013, payment of retired pay to such a qualified retiree is subject to subsection (c), except that payment of retired pay is subject to subsection (c) only during the period beginning on January 1, 2004, and ending on December 31, 2004, in the case of the following: During the period beginning on January 1, 2004, and ending on December 31, 2013, retired pay payable to a qualified retiree that pursuant to the second sentence of subsection (a)(1) is subject to this subsection shall be determined as follows: For a month during 2004, the amount of retired pay payable to a qualified retiree is the amount (if any) of retired pay in excess of the current baseline offset plus the following: For a month during 2005, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2006, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2007, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2008, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2009, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2010, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2011, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2012, the amount of retired pay payable to a qualified retiree is the sum of— For a month during 2013, the amount of retired pay payable to a qualified retiree is the sum of— In this section: The term “disability rated as total” means— The term “current baseline offset” for any qualified retiree means the amount for any month that is the lesser of—