Prohibits an individual (or a survivor or beneficiary thereof) from receiving federal annuity or retired pay if such individual is convicted, indicted, or has outstanding charges against him under the Uniform Code of Military Justice for specified offenses concerning: (1) bribery, graft, or conflicts of interest related to public officials and witnesses, Members of Congress, government officers or employees, or obtaining appointive public office; (2) embezzlement or theft of public money, property, or records; (3) the solicitation or use of gifts; (4) fraud and false statements or entries; (5) perjury; (6) subornation of perjury; or (7) false declarations before a grand jury or court.
Refunds annuity contributions and deposits, excluding interest earned, to a convicted individual.