Federal Employee Locality Accountability in Retirement Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 4833 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 4833 To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 30, 2024 Mr. Cassidy introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs _______________________________________________________________________ A BILL To exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Federal Employee Locality Accountability in Retirement Act''. SEC. 2. EXCLUSION OF LOCALITY ADJUSTMENTS FROM RETIREMENT ANNUITIES. Section 8401 of title 5, United States Code, is amended-- (1) in paragraph (3), by inserting ``, which for a revised average pay employee shal…