To provide for early deferred annuities under chapter 83 of title 5, United States Code, for certain former Department of Defense employees who are seperated from service by reason of certain defense base closures, and for other purposes.

Provides early deferred annuities for certain former Department of Defense (DOD) employees separated from Federal service due to a reduction-in-force resulting from the conversion of the performance of a DOD function to that of a private contractor.