Equal COLA Act
Take action
Record your position on this measure.
Create an account to take a stance, submit a written position, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Overview
The Equal COLA Act aims to ensure that retirees receiving annuities through the Federal Employees Retirement System (FERS) receive a cost-of-living adjustment (COLA) that is the same as those receiving annuities through the Civil Service Retirement System (CSRS). Specifically, the bill modifies the formula used to calculate the annual COLA for FERS annuities, aligning it with the method used for CSRS annuities. This change would increase the amount of COLA paid to FERS retirees each year.
Key provisions
- Adjusts the COLA calculation for FERS annuities.
- Links the FERS COLA to the price index change between the current and previous year's base quarters.
- Applies the change to COLA adjustments made after the bill’s enactment.
- Extends the change to existing FERS annuities.
- Modifies Section 8462(b)(1) of Title 5, United States Code.
Who is affected
- Federal Employees Retirement System (FERS) retirees
- Civil Service Retirement System (CSRS) retirees
- Federal Employees
Notable changes
- Aligns the COLA calculation for FERS annuities with the CSRS system.
- Changes the method used to determine the annual COLA increase.
Bill text
Read the latest version inline or switch to a previous version.
Text extraction is in progress. View the official source.
Sponsors
Official sponsors from legislative records.
21 on record
Primary sponsor
Cosponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours