Consideration for the contract
For purposes of paragraph (1) and section 72(n), the term “consideration for the contract” means, in respect of any individual, the sum of—
(A)#
the total amount of the reductions before January 1, 1966 , in his retired or retainer pay by reason of an election under chapter 73 of title 10 of the United States Code, and
(B)#
any amounts deposited at any time by him pursuant to section 1438 or 1452(d) of such title 10.