Equal Cost-of-Living Adjustments for Federal Employee Pensions
This act aims to equalize how annual pension increases are calculated for all federal retirees. This means individuals on FERS pensions will receive the same cost-of-living adjustments as CSRS retirees, potentially increasing their income. These changes will take effect 90 days after the act becomes law.
Key points
Equal pension increases: Federal retirees under the FERS system will receive the same cost-of-living adjustments as those under the CSRS system.
Potential income boost: For many federal retirees, this means potentially higher annual pension increases.
Quick implementation: Changes will take effect 90 days after the act's enactment and apply to all future adjustments.
Status:
Expired
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