[Congressional Record Volume 142, Number 118 (Tuesday, September 3, 1996)]
[Senate]
[Page S9755]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




THE DEPARTMENTS OF VETERANS AFFAIRS AND HOUSING AND URBAN DEVELOPMENT, 
           AND INDEPENDENT AGENCIES APPROPRIATIONS ACT, 1997

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                        BOND AMENDMENT NO. 5175

  Mr. BOND proposed an amendment to the bill, H.R. 3666, supra; as 
follows:

       On page 59, after line 2, insert the following:
       Sec.   . In order to avoid or minimize the need for 
     involuntary separations due to a reduction in force, 
     departmental restructuring, reorganization, transfer of 
     function, or similar action affecting the Department of 
     Housing and Urban Development, the Secretary shall establish 
     a program under which separation pay, subject to the 
     availability of appropriated funds, may be offered to 
     encourage employees to separate from service voluntarily, 
     whether by retirement or resignation: Provided, That payments 
     to individual employees shall not exceed $25,000: Provided 
     further, That in addition to any other payments which it is 
     required to make under subchapter III of chapter 83 or 
     chapter 84 of title 5, United States Code, HUD 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 and Disability Fund an amount equal to 15 
     percent of the final basic pay of each employee who is 
     covered under subchapter III of chapter 83 or chapter 84 of 
     title 5 to whom a voluntary separation incentive has been 
     paid under this paragraph''.

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