Federal Employment Reduction Assistance Act of 1996

[AI summary unavailable — showing source text] Federal Employment Reduction Assistance Act of 1996 - Authorizes the head of an agency to submit a plan to the Director of the Office of Management and Budget to pay voluntary separation incentives to employees of the agency who agree to separate from the agency by retirement or resignation. (Sec. 4) Provides that a voluntary separation incentive payment be paid in a lump sum after the employee's separation and be equal to the lesser of: (1) the amount the employee would have been entitled to receive (without adjustment for any previous payment); or (2) if the employee separates during a certain fiscal year, according to a specified payment amount for such fiscal year, from FY 1996 through FY 2000. (Sec. 5) Prescribes that an individual who has received a voluntary separation incentive payment and accepts any subsequent employment with the Government within five years after the date of separation shall be required to repay, prior to the first day of employment, the entire amount of the incentive payment to the agency that paid the incentive payment. Provides for waiver of repayment if the individual involved possesses unique abilities and is the only qualified applicant for the pos…