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Equal Federal Pension Increases: Changes to Benefit Adjustments

This bill aims to equalize how cost-of-living adjustments (COLAs) are calculated for federal employees' pensions, regardless of their retirement system. This means FERS retirees will receive the same COLA increases as CSRS retirees, potentially impacting their benefit amounts.
Key points
Equalization of pension increases: Federal retirees under FERS will receive the same increases as those under CSRS.
Change in calculation method: The method for calculating increases will be unified, potentially boosting benefits for some retirees.
Applies to all current and future annuities: New rules will apply to all pensions paid after the act's enactment.
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Status:
Introduced
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Additional Information
Equal COLA Act
Print number: S 624
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2025-02-18