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

This bill changes how retirement benefits are calculated for new federal employees. It excludes location-based pay adjustments (like cost-of-living differences between cities) from the average pay used to determine their retirement annuities. The policy applies specifically to employees hired after the bill's enactment who have no prior federal service creditable toward retirement. This adjustment affects the retirement benefits calculation for these new hires only, not existing employees or other pay components.