Section 1 Short title
This Act may be cited as the “Voluntary Separation Incentive Payment Adjustment Act of 2017”.
Voluntary Separation Incentive Payment Adjustment Act of 2017
A BILL
To amend title 5, United States Code, to increase the maximum amount of a Voluntary Separation Incentive Payment and to include an annual adjustment in accordance with the Consumer Price Index.
Sec. 2 Voluntary separation incentive pay increase
in subsection (b)(3)(B), by striking “$25,000” and inserting “$40,000, as adjusted in accordance with subsection (c)”; and
by adding at the end the following:
“(c) Consumer price index adjustment
“(1) In general—On March 1 of each year, the Director of the Office of Personnel Management shall adjust the amount under subsection (b)(3)(B) by the amount determined by the Secretary of Labor to reflect the percentage increase between—
“(A) the Consumer Price Index (all items; United States city average) published for December of the preceding year; and
“(B) the Consumer Price Index (all items; United States city average) published for December of the year before the preceding year.
“(2) Rounding—In making an adjustment under paragraph (1), the Director of the Office of Personnel Management shall—
“(A) round the percentage increase to the nearest 1/10 of 1 percent; and
“(B) round the amount of the adjustment to the nearest multiple of $1,000.”
Department of Defense— Section 9902(f)(5) of title 5, United States Code, is amended—
in subparagraph (A)(ii), by striking “$25,000” and inserting “an amount determined by the Secretary, not to exceed $40,000, as adjusted in accordance with subparagraph (D)”; and
by adding at the end the following:
“(D)
“(i) On March 1 of each year, the Secretary of Defense shall adjust the amount under subparagraph (A)(ii) by the amount determined by the Secretary of Labor to reflect the percentage difference between—
“(I) the Consumer Price Index (all items; United States city average) published for December of the preceding year; and
“(II) the Consumer Price Index (all items; United States city average) published for December of the year before the preceding year.
“(ii) In making an adjustment under clause (i), the Secretary of Defense shall—
“(I) round the percentage increase to the nearest 1/10 of 1 percent; and
“(II) round the amount of the adjustment to the nearest multiple of $1,000.”
Sec. 3 Retirement-creditable basic pay
Definition of basic pay— Clause (ii) of Section 8331(3)(E) of title 5, United States Code, is amended to read as follows:
“(ii) received after September 11, 2001, by a Federal air marshal or criminal investigator (as defined in section 5545a(a)(2)) of the Transportation Security Administration, subject to all restrictions and earning limitations imposed on criminal investigators receiving such pay under section 5545a, including the premium pay limitations under section 5547;”
Fair Labor Standards Act exemption— Section 13 of the Fair Labor Standards Act of 1938 (29 U.S.C. 213) is amended—
in subsection (a)(16)—
by striking “is paid ” and inserting “is entitled to”; and
by inserting “, or a Federal air marshal or criminal investigator employed by the Administrator of the Transportation Security Administration who is entitled to availability pay as described in section 8331(3)(E)(ii) of such title (where entitlement is determined before the application of any premium pay limitation)” before the semicolon; and
in subsection (b)(30)—
by striking “is paid ” and inserting “is entitled to”; and
by inserting “, or a Federal air marshal or criminal investigator employed by the Administrator of the Transportation Security Administration who is entitled to availability pay as described in section 8331(3)(E)(ii) of such title (where entitlement is determined before the application of any premium pay limitation)” before the period.
Effective date; applicability—
In general— Subject to paragraph (2), this section, and the amendments made by this section, shall take effect on the first day of the first pay period commencing on or after the date of enactment of this Act.
Retroactive application—
In general— Any availability pay received for any pay period commencing before the date of enactment of this Act by a Federal air marshal or criminal investigator employed by the Transportation Security Administration shall be deemed basic pay under section 8331(3) of title 5, United States Code, if the Transportation Security Administration treated such pay as retirement-creditable basic pay, but the Office of Personnel Management, based on an interpretation of section 8331(3) of title 5, United States Code, did not accept such pay as retirement-creditable basic pay.
Implementation— Not later than 90 days after the date of enactment of this Act, the Director of the Office of Personnel Management shall commence taking such actions as are necessary to implement the amendments made by this section with respect to availability pay deemed to be basic pay under subparagraph (A).