This bill expands the period of time during which members of the Ready Reserve can earn credit to reduce the age at which they can receive retired pay. Under this bill, credit may be earned for qualifying types of active duty or active service performed after September 11, 2001. Current law permits this from January 28, 2008 onwards. The bill also allows credit to accrue for such active duty or active service which spans two fiscal years from September 11, 2001, onwards. Current law permits this from September 30, 2014, onwards. The bill applies to retired pay applications pending on or submitted on or after the date of the enactment of this bill.