S. 26 — A bill to exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees.

S. 26 — A bill to exclude locality adjustments from average pay for purposes of computing the amount of retirement annuities of new employees. | JustPolicyThe purpose of this legislation is to change how retirement annuities are calculated for new federal employees. Specifically, it aims to exclude locality adjustments from the average pay used to determine these annuities. Locality adjustments are additional pay amounts that account for the cost of living in different geographic areas. Key provisions of the legislation include amendments to existing laws regarding the calculation of retirement benefits.