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US HR1254

US HR1254
Equal COLA Act


summary

Introduced
02/14/2019
In Committee
02/14/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend title 5, United States Code, to achieve parity between the cost of living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes. This bill revises the formula used to calculate the cost-of-living adjustment for annuities paid under the Federal Employees Retirement System.

AI Summary

This bill, the Equal COLA Act, aims to achieve parity between the cost-of-living adjustment (COLA) for annuities under the Federal Employees Retirement System (FERS) and the COLA for annuities under the Civil Service Retirement System (CSRS). The bill revises the formula used to calculate the COLA for FERS annuities, aligning it with the COLA calculation for CSRS annuities. This change will apply to any COLA adjustments made after the enactment of the bill, as well as to any annuities commencing before, on, or after the date of enactment.

Committee Categories

Government Affairs

Sponsors (20)

Last Action

Referred to the House Committee on Oversight and Reform. (on 02/14/2019)

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