Bill > S3194

This bill, titled 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, the bill amends Section 8462(b)(1) of Title 5 of the United States Code to provide that, effective December 1 of each year, each FERS annuity shall be increased by the same percent change in the price index as CSRS annuities. This change applies to any COLA adjustments made after the date of enactment and to any annuities commencing before, on, or after the date of enactment.