To amend title 37, United States Code, to direct the Secretary of a military department to pay a monthly bonus to members of the Armed Forces whose retirement or separation is suspended as a result of a stop-loss order, and for other purposes.
Directs the Secretary of the military department concerned to pay a monthly bonus of $500 to each member of the Armed Forces: (1) who is subject to a stop-loss order issued since October 1, 2001; and (2) whose ability to retire or be separated from the Armed Forces is suspended as a result of such order. Provides for retroactive bonus payments since October 1, 2001, for qualifying members.
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