S. 26 aims to change how retirement annuities are calculated for new federal employees by removing locality-based pay adjustments from the calculation of their average pay. This means that the additional pay given to employees based on where they live will not be included...
Simple Explanation
S. 26 is a plan to change how the U.S. calculates retirement pay for new government workers by not counting extra money given for expensive places like big cities. This means these workers might get less money when they retire if they work in such areas.