Voluntary Separation Incentive Payment Adjustment Act of 2017'

Bill: 115-s-1888
Sponsor: full_name: Sen. Lankford, James [R-OK]
Introduced: 2017-09-28
Policy area: Government Operations and Politics
Latest action: action_date: 2018-09-04
text: Placed on Senate Legislative Calendar under General Orders. Calendar No. 562.

Summaries:
action_date: 2017-09-28
action_desc: Introduced in Senate
text: <p><strong>Voluntary Separation Incentive Payment Adjustment Act of 2017</strong></p> <p>This bill increases the Voluntary Separation Incentive Payment&nbsp;(VSIP)&nbsp;to not exceed $40,000 (currently, $25,000), with an annual adjustment for inflation.</p>

tv_txt: II 115th CONGRESS 1st Session S. 1888 IN THE SENATE OF THE UNITED STATES September 28, 2017 Mr. Lankford introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs 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.

1. Short title This Act may be cited as the Voluntary Separation Incentive Payment Adjustment Act of 2017 . 2. Voluntary separation incentive pay increase (a) In general Section 3523 of title 5, United States Code, is amended— (1) in subsection (b)(3)(B), by striking $25,000 and inserting $40,000, as adjusted in accordance with subsection (c) ; and (2) 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. . (b) Department of Defense Section 9902(f)(5) of title 5, United States Code, is amended— (1) 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 (2) 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. .

tv_txt: II Calendar No. 562 115th CONGRESS 2d Session S. 1888 [Report No. 115–330] IN THE SENATE OF THE UNITED STATES September 28, 2017 Mr. Lankford introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs September 4, 2018 Reported by Mr. Johnson , with an amendment Insert the part printed in italic 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.

1. Short title This Act may be cited as the Voluntary Separation Incentive Payment Adjustment Act of 2017 . 2. Voluntary separation incentive pay increase (a) In general Section 3523 of title 5, United States Code, is amended— (1) in subsection (b)(3)(B), by striking $25,000 and inserting $40,000, as adjusted in accordance with subsection (c) ; and (2) 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. . (b) Department of Defense Section 9902(f)(5) of title 5, United States Code, is amended— (1) 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 (2) 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. . 3. Retirement-creditable basic pay (a) 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; . (b) Fair Labor Standards Act exemption Section 13 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 213 ) is amended— (1) in subsection (a)(16)— (A) by striking is paid and inserting is entitled to ; and (B) 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 (2) in subsection (b)(30)— (A) by striking is paid and inserting is entitled to ; and (B) 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. (c) Effective date; applicability (1) 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. (2) Retroactive application (A) 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. (B) 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).

September 4, 2018 Reported with an amendment