EXTENSION AND REVISION OF VOLUNTARY SEPARATION INCENTIVE PAY AUTHORITY.

SEC. 1106. EXTENSION AND REVISION OF VOLUNTARY SEPARATION INCENTIVE PAY AUTHORITY. (a) Remittance to CSRS Fund.—Section 5597 of title 5, United States Code, is amended by adding at the end the following new subsection: “(h) (1) (A) In addition to any other payment that it is required to make under subchapter III of chapter 83 or chapter 84, the Department of Defense shall remit to the Office of Personnel Management an amount equal to 15 percent of the final basic pay of each covered employee.111 STAT. 1924 “(B) If the employee is one with respect to whom a remittance would otherwise be required under section 4(a) of the Federal Workforce Restructuring Act of 1994 based on the separation involved, the remittance under this subsection shall be instead of the remittance otherwise required under such section 4(a). “(2) Amounts remitted under paragraph (1) shall be deposited in the Treasury of the United States to the credit of the Civil Service Retirement and Disability Fund. “(3) For the purposes of this subsection— “(A) the term ‘covered employee’ means an employee who is subject to subchapter III of chapter 83 or chapter 84 and to whom a voluntary separation incentive has been paid under this section on the basis of a separation occurring on or after October 1, 1997; and “(B) the term ‘final basic pay’ has the meaning given such term in section 4(a)(2) of the Federal Workforce Restructuring Act of 1994.”. (b) Extension of Authority.—(1) Subsection (e) of section 5597 of title 5, United States Code, is amended by striking out “September 30, 1999” and inserting in lieu thereof “September 30, 2001”. (2) Section 4436(d)(2) of the Defense Conversion, Reinvestment, and Transition Assistance Act of 1992 (5 U.S.C. 8348 note) is amended by striking out “January 1, 2000” and inserting in lieu thereof “January 1, 2002”.