October 31, 2000
However, the Administration opposes the provision of H.R. 207 that would set a costly and undesirable precedent for the treatment of retention allowances, non-foreign area cost-of-living allowances, and other periodic payments which are not considered basic pay for retirement purposes. Furthermore, the Administration would prefer the three to five year extension as contained in the Administration's bill to allow for periodic review of the authority's effectiveness.
H.R. 207 would affect direct spending; therefore, it is subject to the pay-as-you-go (PAYGO) requirements of the Omnibus Budget Reconciliation Act of 1990. OMB's estimate is under development.