Sponsor
Brian K. Fitzpatrick
Representative · R-PA
Representative · R-PA
The bill ends future employer retirement contributions for Members of Congress—shifting retirement costs and risks onto Members while preserving previously earned benefits and TSP access, and producing potential long‑term federal savings but some short‑term administrative costs.
Members of Congress keep vested retirement benefits they already earned prior to enactment.
Members remain eligible to participate in the Thrift Savings Plan (TSP), preserving access to a defined‑contribution retirement savings vehicle.
Members with under 5 years of civilian service will receive lump‑sum refunds as if they met longer‑service requirements, giving short‑service Members prompt repayment of their contributions.
Members of Congress will lose future CSRS/FERS retirement coverage and employer retirement contributions, lowering their future retirement income compared with current law.
Removing employer retirement contributions shifts more retirement planning and financial risk onto Members, likely increasing the need for higher personal savings or greater reliance on the TSP.
Ending employer contributions may reduce long‑term federal pension liabilities but could raise short‑term administrative and transition costs for the Office of Personnel Management and taxpayers.
Based on analysis of 2 sections of legislative text.
Ends future CSRS and FERS coverage and contributions for Members of Congress, preserves prior vested benefits, and maintains Thrift Savings Plan eligibility.
Introduced January 3, 2025 by Brian K. Fitzpatrick · Last progress January 3, 2025
Ends future participation and payroll contributions by Members of Congress in the two main federal civilian retirement systems (CSRS and FERS) beginning 90 days after the law takes effect. It keeps any retirement rights and benefits already earned, preserves Members’ access to the Thrift Savings Plan, and directs the Office of Personnel Management and the TSP Executive Director to issue implementing regulations. The Vice President is excluded from the definition of “Member.”