EXTENSION OF THE CIA VOLUNTARY SEPARATION PAY ACT.

SEC. 401. EXTENSION OF THE CIA VOLUNTARY SEPARATION PAY ACT. (a) Extension of Authority.—Section 2(f) of the Central Intelligence Agency Voluntary Separation Pay Act (50 U.S.C. 403–4(f)) is amended by striking “September 30, 1997” and inserting “September 30, 1999”. (b) Remittance of Funds.—Section 2 of the Central Intelligence Agency Voluntary Separation Pay Act (50 U.S.C. 403–4) is amended by inserting at the end the following new subsection: “(i) Remittance of Funds.—The Director shall remit to the Office of Personnel Management for deposit in the Treasury of the United States to the credit of the Civil Service Retirement 109 STAT. 969 and Disability Fund (in addition to any other payments which the Director is required to make under subchapter III of chapter 83 and subchapter II of chapter 84 of title 5, United States Code), an amount equal to 15 percent of the final basic pay of each employee who, in fiscal year 1998 or fiscal year 1999, retires voluntarily under section 8336, 8412, or 8414 of such title or resigns and to whom a voluntary separation incentive payment has been or is to be paid under this section.”.