Legis Daily

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

USA119th CongressS-26| Senate 
| Updated: 1/7/2025
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Homeland Security and Governmental Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill proposes to amend Title 5 of the United States Code, specifically Section 8401, to alter how federal retirement annuities are calculated for certain employees. Its primary purpose is to exclude locality-based comparability payments from the "average pay" used to compute retirement benefits. This modification would impact the final annuity amount received by affected individuals. The legislation defines a new category of individuals called " revised average pay employees ." These are individuals who, as of the bill's enactment date, are not current federal employees or Members of Congress and have not performed any creditable civilian service. The exclusion of locality adjustments from average pay would apply exclusively to these individuals who become federal employees or Members after the bill's enactment, thereby affecting only future hires.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 7, 2025
Introduced in Senate
Jan 7, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • January 7, 2025
    Introduced in Senate


  • January 7, 2025
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

Government Operations and Politics

Employee benefits and pensionsGovernment employee pay, benefits, personnel management

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

USA119th CongressS-26| Senate 
| Updated: 1/7/2025
This bill proposes to amend Title 5 of the United States Code, specifically Section 8401, to alter how federal retirement annuities are calculated for certain employees. Its primary purpose is to exclude locality-based comparability payments from the "average pay" used to compute retirement benefits. This modification would impact the final annuity amount received by affected individuals. The legislation defines a new category of individuals called " revised average pay employees ." These are individuals who, as of the bill's enactment date, are not current federal employees or Members of Congress and have not performed any creditable civilian service. The exclusion of locality adjustments from average pay would apply exclusively to these individuals who become federal employees or Members after the bill's enactment, thereby affecting only future hires.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 7, 2025
Introduced in Senate
Jan 7, 2025
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
  • January 7, 2025
    Introduced in Senate


  • January 7, 2025
    Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Bill Cassidy

Bill Cassidy

Republican Senator

Louisiana

Homeland Security and Governmental Affairs Committee

Government Operations and Politics

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsGovernment employee pay, benefits, personnel management