MIL-OSI USA: S. 407, Air America Act of 2022

11

Source: US Congressional Budget Office

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

MIL OSI USA News