S 4833 United States Senate · 118th Congress

Federal Employee Locality Accountability in Retirement Act

This bill amends federal retirement law to exclude locality-based pay adjustments from retirement calculations for newly hired federal employees who were not previously covered by retirement rules. Specifically, it targets "revised average pay employees" defined as those who become covered under retirement rules after the law's enactment but had no prior creditable service. The key provision removes locality pay (additional compensation based on geographic location) from the calculation of their retirement annuities. This change affects only new hires meeting the specific criteria, not current retirees or existing employees.
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2024
Committee Review
Floor Vote
President
Introduced Jul 30, 2024 Last action Jul 30, 2024
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Full legislative history

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Total actions
2
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0
Committee
1
Jul 30, 2024
Committee
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
upper
Jul 30, 2024
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
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P
Photo of Bill Cassidy
Bill Cassidy
RRepublican
LA
n/a