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A bill to exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees.

Bill Number
S. 26
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Government Operations and Politics
Status
Introduced
Latest Action
2025-01-07: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Last Updated
2025-04-14T14:01:36Z

AI-Generated Summary

Purpose

This bill (S. 26) aims to modify the Federal Employees Retirement System (FERS) by excluding locality-based pay adjustments—extra pay given to federal workers in high-cost living areas—from the calculation of "average pay" used to determine retirement annuity amounts. The change applies only to new federal employees hired after the bill's enactment, ensuring their retirement benefits are based solely on base pay rates.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Cassidy, Bill [R-LA]

Recent Actions

Bill Versions