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Ending Congressional Pensions: New Public Service Benefit Rules

This bill aims to terminate federal pension accruals for members of Congress. This means that after the law takes effect, new and current members of Congress will no longer accumulate additional retirement benefits from public funds. Their previously earned benefits remain unaffected, and their ability to save in the Thrift Savings Plan is preserved.
Key points
Termination of new federal pension accruals for members of Congress from public funds.
Existing pension rights earned before the law's enactment remain unchanged.
The ability for members of Congress to participate in the Thrift Savings Plan is unaffected.
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Additional Information
Print number: 117_HR_101
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2021-01-04