To provide for the treatment of service as a member of the Alaska Territorial Guard during World War II as active service for purposes of retired pay for members of the Armed Forces.

Treats the service as a member of the Alaska Territorial Guard during World War II of any individual who was honorably discharged therefrom as active service for purposes of eligibility for, and the computation of, retired pay for members of the Armed Forces.

Makes such provision applicable for retired pay for months beginning on or after August 9, 2000.