This bill excludes extra pay adjustments based on location when calculating retirement benefits for new federal employees. This means their retirement pay will be based only on their basic salary.
This bill excludes locality-based comparability payments from the calculation of retirement and disability annuities for new employees in the Federal Employees’ Retirement System. (General schedule and certain other federal employees receive locality-based comparability payments when their official worksite is located in a geographic area with a pay disparity between federal and non-federal workers of more than 5%.)
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