End Congressional Pensions: New Benefit Rules
This bill aims to terminate traditional retirement benefits for Members of Congress, with the exception of continued participation in the Thrift Savings Plan. This means future members of Congress will no longer receive government pensions, potentially influencing public perception of government spending and political privileges.
Key points
Members of Congress will no longer be covered by traditional retirement systems (Civil Service Retirement System and Federal Employees Retirement System).
The bill does not affect the right to participate in the Thrift Savings Plan, which is available to all federal employees.
Members of Congress already covered by a retirement system before the bill's enactment can choose to remain in it.
The bill does not affect benefits accrued before its enactment.
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