Servicemembers Education Conversion Act of 1992

[AI summary unavailable — showing source text] Servicemembers Education Conversion Act of 1992 - Title I: Enhanced Voluntary Separation Programs - Directs the Secretary of Defense, in administering the special separation benefits program and the voluntary separation program and in order to provide an incentive for members of the armed forces to become elementary and secondary school teachers, to modify those programs in accordance with this Act. Entitles such modifications as the teacher training enhancement program. Authorizes a member of the armed forces who is offered participation in either of the separation programs to apply to the Secretary for the training program. Allows the Secretary to accept applications only in the case of a member who could become certified as a teacher after pursuit of a program of one year or less. Prohibits the acceptance of any applications after September 30, 1997. Modifies the separation programs to: (1) continue to provide for 12 months after separation from service the full amount of the member's basic pay paid before such separation; and (2) pay such benefit or incentive as computed by using half the member's years of service (currently, all) payable at the end of the 12-month period in wh…