SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Central Intelligence Agency 
Voluntary Separation Incentive Act''.

SEC. 2. VOLUNTARY SEPARATION INCENTIVE PROGRAM.

    (a) Program Authority.--The Director of Central Intelligence may in 
the Director's discretion establish and administer a program under 
which the Director may pay, subject to the availability of 
appropriations, a financial incentive to employees of the Central 
Intelligence Agency referred to in subsection (b) for voluntarily 
separating, by retirement or resignation, from employment by the 
Central Intelligence Agency.
    (b) Applicability of Program.--The Director may apply a program 
established under subsection (a) to any or all of the employees of the 
Central Intelligence Agency who--
            (1) serve under an appointment without a time limitation;
            (2) have been employed by the Central Intelligence Agency 
        for not less than 12 months;
            (3) meet such requirements as the Director of Central 
        Intelligence may prescribe, which may include requirements 
        relating to--
                    (A) years of service;
                    (B) skills; and
                    (C) level of pay;
            (4) are not reemployed annuitants under a retirement system 
        for employees of the Federal Government; and
            (5) are not employees eligible for disability retirement 
        under a retirement system for employees of the Federal 
        Government.
    (c) Additional Eligible Employees.--
            (1) Authority.--The Director of Central Intelligence may, 
        on a case-by-case basis, apply the program under subsection (a) 
        to an employee of the Central Intelligence Agency not eligible 
        under subsection (b) if the Director determines that doing so 
        is necessary or advisable in the interests of the United 
        States.
            (2) Authority not delegable.--The authority under paragraph 
        (1) may not be delegated.
            (3) Report on use of authority.--The Director of Central 
        Intelligence shall report each instance of the exercise of the 
        authority under paragraph (1) to the Select Committee on 
        Intelligence of the Senate and the Permanent Select Committee 
        on Intelligence of the House of Representatives.
    (d) Cap on Incentive Amount.--The total amount paid by the Central 
Intelligence Agency to an employee pursuant to subsection (a) may not 
exceed the lesser of--
            (1) the minimum amount that is determined, from time to 
        time, by the Director of Central Intelligence as--
                    (A) necessary to result in the desired number of 
                voluntary separations; and
                    (B) appropriate; or
            (2) $25,000.
    (e) Termination of Service or Reimbursement Obligations.--
            (1) Authority.--In the case of an employee who is obligated 
        under an agreement between the employee and the Central 
        Intelligence Agency to render service to the Central 
        Intelligence Agency or to reimburse the United States for not 
        so serving, the Director of Central Intelligence may terminate 
        the employee's obligation under that agreement in connection 
        with the separation of the employee from employment and the 
        payment of a financial incentive to the employee under a 
        program established pursuant to subsection (a).
            (2) Agreements covered.--Agreements referred to in 
        paragraph (1) include any agreement entered into pursuant to 
        section 506 of the Intelligence Authorization Act for Fiscal 
        Year 1987 (50 U.S.C. 403j note).
    (f) Cost Neutrality or Savings.--The Director of Central 
Intelligence shall ensure that the total cost of incentives paid to 
employees under a program established pursuant to subsection (a) during 
the period beginning on the date of the enactment of this Act and 
ending on September 30, 1998, does not exceed the total cost that the 
Central Intelligence Agency would have incurred for the pay and other 
personnel benefits for such employees if they had remained employees of 
the Central Intelligence Agency for that period.
    (g) Relationship to Other Government Benefits.--The amount paid to 
a person pursuant to subsection (a) may not--
            (1) be the basis for payment of, and may not be included in 
        the computation of, any other monetary benefit payable with 
        respect to that person by the Federal Government; and
            (2) be taken into account for purposes of determining the 
        amount of any severance pay to which such person is entitled 
        under any other provision of law based on any other separation 
        from employment by the Federal Government.
    (h) Termination of Authority.--No financial incentive amount may be 
paid under the authority of this section in connection with any 
voluntary separation occurring after September 30, 1998.
    (i) Regulations.--The Director of Central Intelligence shall 
prescribe such regulations as may be necessary to carry out this 
section.
Central Intelligence Agency Voluntary Separation Incentive Act - Authorizes the Director of Central Intelligence to establish a program to encourage voluntary separations, by retirement or resignation, from Central Intelligence Agency employment.
Central Intelligence Agency Voluntary Separation Incentive Act