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Ending Congressional Pensions: New Public Service Benefit Rules

This bill aims to terminate pension accruals for current and future members of the U.S. Congress. If enacted, it means that after the law takes effect, Members of Congress will no longer accumulate new public pension benefits, potentially impacting how they plan for their financial future after their terms.
Key points
Termination of new pension accruals for Members of Congress 90 days after the bill becomes law.
Existing, accrued pension rights remain unaffected.
Members of Congress can still participate in the Thrift Savings Plan (TSP).
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Additional Information
Print number: 118_HR_158
Sponsor: Rep. Fitzpatrick, Brian K. [R-PA-1]
Process start date: 2023-01-09