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Bill > HR491


US HR491

US HR491
Equal COLA Act


summary

Introduced
01/16/2025
In Committee
01/16/2025
Crossed Over
Passed
Dead

Introduced Session

119th 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 System, and for other purposes.

AI Summary

This bill, known as the "Equal COLA Act", aims to modify the cost-of-living adjustment (COLA) calculation for federal employee retirement annuities. Specifically, the bill seeks to align the COLA adjustments for the Federal Employees Retirement System (FERS) with those of the Civil Service Retirement System (CSRS). The key provision changes the method for calculating annual increases to retirement annuities by ensuring that effective December 1st each year, all annuities will be increased by the percentage change in the price index from the base quarter of the current year compared to the base quarter of the previous year when an adjustment was made. The increase will be rounded to the nearest one-tenth of a percent. This amendment will apply to all cost-of-living adjustments made after the bill's enactment, and will cover annuities that commenced before, on, or after the date of enactment. The primary goal is to create more equitable and consistent annual adjustments for federal retirees across different retirement systems, helping to ensure that their retirement benefits keep pace with inflation.

Committee Categories

Government Affairs

Sponsors (65)

Gerry Connolly (D)* Alma Adams (D),  Yassamin Ansari (D),  Becca Balint (D),  Nanette Barragán (D),  Brendan Boyle (D),  Julia Brownley (D),  Nikki Budzinski (D),  Salud Carbajal (D),  Greg Casar (D),  Sean Casten (D),  Sheila Cherfilus-McCormick (D),  Judy Chu (D),  Emanuel Cleaver (D),  Steve Cohen (D),  Angie Craig (D),  Danny Davis (D),  Don Davis (D),  Suzan DelBene (D),  Chris Deluzio (D),  Teresa Fernandez (D),  Lizzie Fletcher (D),  Valerie Foushee (D),  Maxwell Frost (D),  John Garamendi (D),  Robert Garcia (D),  Dan Goldman (D),  Val Hoyle (D),  Glenn Ivey (D),  Robin Kelly (D),  Greg Landsman (D),  Mike Lawler (R),  Mike Levin (D),  Ted Lieu (D),  Stephen Lynch (D),  Lucy McBath (D),  April McClain-Delaney (D),  Jenn McClellan (D),  Jim McGovern (D),  Kweisi Mfume (D),  Frank Mrvan (D),  Kevin Mullin (D),  Joe Neguse (D),  Donald Norcross (D),  Eleanor Holmes Norton (D),  Alexandria Ocasio-Cortez (D),  Frank Pallone (D),  Jimmy Panetta (D),  Chellie Pingree (D),  Emily Randall (D),  Jamie Raskin (D),  Andrea Salinas (D),  Mary Gay Scanlon (D),  Jan Schakowsky (D),  Melanie Stansbury (D),  Haley Stevens (D),  Suhas Subramanyam (D),  Tom Suozzi (D),  Emilia Sykes (D),  Mark Takano (D),  Shri Thanedar (D),  Dina Titus (D),  Rashida Tlaib (D),  Lori Trahan (D),  Debbie Wasserman Schultz (D), 

Last Action

ASSUMING FIRST SPONSORSHIP - Mr. Walkinshaw asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 491, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection. (on 09/16/2025)

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