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Equal COLA for Federal Retirees: Fairer Pension Adjustments.

This bill aims to equalize how annual pension adjustments are calculated for federal employees. It ensures that pensions under the FERS system will increase at the same rate as those under the CSRS system, potentially leading to higher benefits for many federal retirees.
Key points
Equal pension adjustments: FERS pensions will increase at the same rate as CSRS pensions.
Potentially higher benefits: This change could mean larger annual increases for federal retirees under the FERS system.
Applies to all annuities: The new adjustment rules will cover all benefits paid after the law's enactment.
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Additional Information
Equal COLA Act
Print number: HR 304
Sponsor: Rep. Connolly, Gerald E. [D-VA-11]
Process start date: 2021-01-13