1. Short title This Act may be cited as the Retired Pay Restoration Act . 2. Eligibility for payment of both retired pay and veterans’ disability compensation for certain military retirees with compensable service-connected disabilities (a) Extension of concurrent receipt authority to retirees with service-Connected disabilities rated less than 50 percent Section 1414 of title 10, United States Code, is amended by striking paragraph (2) of subsection (a). (b) Clerical amendments (1) The heading of section 1414 of such title is amended to read as follows: 1414. Members eligible for retired pay who are also eligible for veterans’ disability compensation: Concurrent payment of retired pay and disability compensation . (2) The item relating to such section in the table of sections at the beginning of chapter 71 of such title is amended to read as follows: 1414. Members eligible for retired pay who are also eligible for veterans’ disability compensation: Concurrent payment of retired pay and disability compensation. . (c) Effective date The amendments made by this section shall take effect on January 1, 2018, and shall apply to payments for months beginning on or after that date. 3. Coordination of service eligibility for combat-related special compensation and concurrent receipt (a) Amendments To standardize similar provisions (1) Qualified retirees Subsection (a) of section 1414 of title 10, United States Code, as amended by section 2(a), is amended— (A) by striking a member or and all that follows through retiree’) and inserting a qualified retiree ; and (B) by adding at the end the following new paragraph: (2) Qualified retirees For purposes of this section, a qualified retiree, with respect to any month, is a member or former member of the uniformed services who— (A) is entitled to retired pay (other than by reason of section 12731b of this title)