To amend title 5, United States Code, to provide that Federal employees who are voluntarily or involuntarily separated from service as a result of the closure or realignment of a military installation under title II of the Defense Authorization Amendments and Base Closure and Realignment Act shall be eligible for early retirement.

Provides that Federal employees who are voluntarily or involuntarily separated from service as a result of the closure or realignment of a military installation under provisions of the Defense Authorization Amendments and Base Closure and Realignment Act shall be eligible for early retirement under the Civil Service and Federal Employees Retirement Systems unless such employees decline a reasonable offer of another position in their employing agency.