14 U.S.C. § 286 : US Code - Section 286: Discharge in lieu of retirement; separation pay

Search 14 U.S.C. § 286 : US Code - Section 286: Discharge in lieu of retirement; separation pay

(a) Each officer who is retained on active duty under section
283(a)(4), 283(b), or 285 of this title may, if he so requests,
with the approval of the Secretary, be honorably discharged at any
time prior to the date otherwise specified for his retirement or
discharge.
(b) An officer of the Regular Coast Guard who is discharged under
this section or section 282, 283, or 284 of this title and has
completed 6 or more, but less than 20, continuous years of active
service immediately before that discharge or release is entitled to
separation pay computed under subsection (d)(1) of section 1174 of
title 10.
(c) An officer of the Regular Coast Guard who is discharged under
section 327 of this title and has completed 6 or more, but less
than 20, continuous years of active service immediately before that
discharge or release is entitled to separation pay computed under
subsection (d)(1) or (d)(2) of section 1174 of title 10 as
determined under regulations promulgated by the Secretary.
(d) Notwithstanding subsections (a) and (b), an officer
discharged under chapter 11 of this title for twice failing of
selection for promotion to the next higher grade is not entitled to
separation pay under this section if the officer requested in
writing or otherwise sought not to be selected for promotion, or
requested removal from the list of selectees.