To amend title 5, United States Code, to provide for more equitable policies relating to overtime pay for Federal employees and the accumulation and use of credit hours.

Amends Federal Civil Service provisions regarding the computation of overtime pay to establish the overtime hourly rate of pay for: (1) a Federal employee whose basic pay rate does not exceed the minimum rate of basic pay for GS-12 (currently, GS-10) as an amount equal to one and one-half times the hourly rate of basic pay of the employee; and (2) a Federal employee whose basic pay rate exceeds the minimum rate of basic pay for GS-12 as an amount equal to the greater of one and one-half times the minimum hourly rate of basic pay for GS-12 or the hourly rate of basic pay of the employee.

Applies any limitations (or other terms or conditions) governing the accumulation or use of credit hours by employees on flexible work schedules equally to all career employees in the Civil Service (or, if promulgated by an agency, within such agency), including those in the Senior Executive Service or another equivalent system.