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Equalizing Federal Employee Retirement Cost-of-Living Adjustments

This bill aims to standardize how cost-of-living adjustments are calculated for two major federal employee retirement systems. This means FERS annuities will increase at the same rate as CSRS annuities, potentially leading to higher benefits for many federal retirees. These changes will impact the amount of future retirement payments.
Key points
Equalizes cost-of-living adjustments (COLA) for federal retirees under FERS and CSRS systems.
FERS annuities will increase at the same rate as price changes, mirroring the CSRS system.
Changes apply to all future adjustments and annuities commencing before, on, or after the enactment date.
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Status:
Introduced
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Additional Information
Equal COLA Act
Print number: HR 491
Sponsor: Rep. Connolly, Gerald E. [D-VA-11]
Process start date: 2025-01-16