It has to do with when Congressional pay raises can occur:
"No law, varying the compensation for the services of the Senators and Representatives, shall take effect, until an election of Representatives shall have intervened."
The 27th Amendment provides that any change in United States senators' and representatives' salaries may only take effect after the beginning of the next term of office. This is also called the Congressional Compensation Amendment of 1789 and the Madison Agreement.
The Twenty-seventh Amendment provides that any change in United States Congress salary may only take effect after the beginning of the next term of office for the United States House of Representatives. Sometimes called the "Congressional Compensation Amendment of 1789", the "Congressional Pay Amendment", and the "Madison Amendment", it was intended to serve as a restraint on the power of Congress to set its own salary obvious potential for conflict of interest.
The 27th amendment became law in 1992. It prohibited Congress from increasing or decreasing the salary of congressmen in the term they were serving.
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The 27th Amendment
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The 27th amendment was passed to keep Congress from voting themselves a salary increase. Any salary increases cannot begin until the start of the next term.
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The 27th amendment to the Constitution refers to the wages of senators and congressmen. Essentially, the amendment prevents congress people from giving themselves a salary increase.
The 27th Amendment limits the pay increases of members of congress was ratified on May 7, 1992.
the Madison Amendment (Amendment 27, which bars a sitting Congress from raising its own compensation). The 27th Amendment took 203 years to ratify; it was deemed "sufficiently contemporaneous" by Congress and was added to the Constitution in 1992.