Equal COLA Act aims to equalize cost-of-living adjustments for federal employee retirement annuities.
The Equal COLA Act seeks to amend title 5 of the United States Code to ensure that cost-of-living adjustments (COLA) for annuities under the Federal Employees Retirement System (FERS) match those under the Civil Service Retirement System (CSRS). This change applies to any COLA made after the enactment of this Act and to any annuity starting before, on, or after the enactment date. The adjustments are based on the percent change in the price index for the base quarter of the year over the previous year's base quarter, rounded to the nearest tenth of one percent.
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