Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

S. 407, Air America Act of 2022 (CBO Report for Congress)

Premium   Download PDF Now (26 pages)
Congress 117th
Date Requested Feb. 2, 2022
Requested By Senate Committee on Homeland Security and Governmental Affairs
Date Sent May 13, 2022
Description:
The bill would •Make former employees of Air America eligible to apply for a new civilian retirement benefit based on theiryears of service in that program •Authorize payment of a new monthly retirement benefit under the Civil Service Retirement System tosuccessful applicants •Authorize payment of a retroactive lump sum payment to successful applicants for retirement benefits thatwould have been paid from the time of first retirement eligibility Estimated budgetary effects would mainly stem from •New retirement benefits paid to Air America employees and certain survivors •Lump sum payments to former Air America employees for retirement benefits accrued between the time ofassumed retirement and the commencement of a new retirement annuity •Administrative costs to process the applications for new benefits of the eligible population

« Return to search CBO reports