Equal COLA Act aims to achieve parity in cost-of-living adjustments for federal employee retirement annuities.

The Equal COLA Act seeks to amend title 5, United States Code, to ensure equal cost-of-living adjustments (COLA) for annuities under the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). This change applies to any annuity payable from the Fund with a commencing date not later than December 1 of each year. The adjustment is based on the percent change in the price index for the base quarter of the year over the preceding year, rounded to the nearest 1/10 of 1 percent.

Equal COLA Act aims to achieve parity in cost-of-living adjustments for federal employee retirement annuities.

The Equal COLA Act seeks to amend title 5, United States Code, to ensure equal cost-of-living adjustments (COLA) for annuities under the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). This change applies to any annuity payable from the Fund with a commencing date not later than December 1 of each year. The adjustment is based on the percent change in the price index for the base quarter of the year over the preceding year, rounded to the nearest 1/10 of 1 percent.