The President may drop from the rolls a member of a uniformed service who is deprived of retired pay under this subchapter.
The President may restore—
(1) military status to an individual dropped from the rolls to whom retired pay is restored under this subchapter or under section 2 of the Act of September 26, 1961 (75 Stat. 648); and
(2) all rights and privileges to the individual and his beneficiaries of which he or they were deprived because his name was dropped from the rolls.
If the individual restored was a commissioned officer, the President alone may reappoint him to the grade and position on the retired list held when his name was dropped from the rolls.
(Pub. L. 89–554, Sept. 6, 1966, 80 Stat. 564.)
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