A bill to amend Title 5, United States Code, to provide for retentive of grade and pay for certain employees.

Entitles Federal employees under the General Schedule who have held their position for over one year to retain their grade in the event such position is downgraded for reasons beyond the control of such employee. Permits such grade retention for not more than two years, after which time such employee's salary shall remain undiminished. Authorizes the Civil Service Commission to promulgate rules requiring agencies to retain, give priority consideration for promotion to, and effect placements of such downgraded persons.