CONGRESS FOR VOTERS

RepublicanBill · S. 26· Senate(119-S-26)

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

Rep. Cassidy
Age: 69 years
Louisiana
Introduced
1/7/2025
Last activity
1/7/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Sponsored by
Bill Cassidy
Cosponsors
None
Government Operations and Politics
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes to change how retirement annuities are calculated for certain employees. It seeks to amend Section 8401 of title 5, United States Code. Specifically, the bill aims to exclude locality-based comparability payments from the average pay used to compute retirement amounts. This exclusion would apply to a new category called a "revised average pay employee." These employees are those who were not covered under the chapter and had not performed creditable civilian service at the time the paragraph was enacted.

Yes

  • Does this reduce what the federal government spends?+3

    The bill reduces long-term government expenditures by excluding locality-based comparability payments from the calculation of retirement annuities for new employees.

The opposite· 3 of 4

  • Would people in their twenties and thirties be better off under this?-3

    The bill negatively impacts the future retirement benefits of young adults entering federal service as 'revised average pay employees' because their annuities will not include locality-based adjustments.

  • Would retired people be better off under this?-2

    The bill reduces the ultimate value of retirement annuities for the new class of employees defined by this legislation.

  • Does this strengthen Social Security?-2

    The bill reduces the retirement annuity amounts for a specific class of new employees by excluding locality adjustments from their average pay calculation.