A bill to amend chapters 83 and 84 of title 5, United States Code, to provide for the equitable waiver of certain limitations on the election of survivor reductions of Federal annuities, and for other purposes.

Amends Federal law, with respect to the Civil Service Retirement System and the Federal Employees Retirement System, to permit the Office of Personnel Management to waive the application of either of the two-year limitations on the election of survivor reductions of the annuities of certain retired employees under specified circumstances.