A bill to amend title 5, United States Code, to provide for reduced retirement annuity for a Member of Congress who remains in office after becoming 70 years of age.

Provides for a reduced (by 25 percent) retirement annuity for a Member of Congress (other than the Vice-President) who remains in office after becoming 70 years of age. States that the annuity of a surviving spouse or child is to be computed without regard to such reduction.