Equal COLA Act: Full Inflation Adjustments for Federal Retirees.
This bill ensures that federal employees retired under the FERS system receive the same annual cost-of-living adjustments (COLA) as those retired under the older CSRS system. Currently, FERS adjustments are often lower, meaning retirees lose purchasing power during inflation. If passed, this change will provide FERS retirees with a full inflation increase, helping them better manage rising costs of living.
Key points
Federal retirees under the FERS system will receive the same annual inflation increase (COLA) as CSRS retirees.
The change removes the current reduction or cap on COLA increases for FERS beneficiaries, directly boosting their retirement income.
The new calculation method applies to all future COLA adjustments and existing FERS annuities.
Status:
Expired
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