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US HR304

US HR304
Equal COLA Act


summary

Introduced
01/13/2021
In Committee
01/13/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL 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 Sys- tem, and for other purposes.

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 Civil Service Retirement System (CSRS). Specifically, it amends the law to ensure that FERS annuities are increased by the same percentage as CSRS annuities each year, based on changes in the price index. The bill applies to any COLA adjustments made after the bill's enactment, as well as any annuity commencing before, on, or after that date.

Committee Categories

Government Affairs

Sponsors (35)

Last Action

Referred to the House Committee on Oversight and Reform. (on 01/13/2021)

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