End Congressional Pensions: New Benefit Rules
This bill aims to terminate traditional pension benefits for members of the U.S. Congress. It means new members will no longer be covered by the pension system, and current members will have an option to opt out. These changes will not affect their right to participate in the Thrift Savings Plan.
Key points
Ends traditional pensions for future members of Congress.
Current members of Congress can choose to opt out of the pension system.
Right to participate in the Thrift Savings Plan remains unaffected.
Changes do not impact benefits earned before the law's enactment.
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