House bill would equalize cost-of-living adjustments for federal retirees

Federal News Network: At least one member of Congress wants to achieve parity for all federal retirees who receive an annual cost-of-living-adjustment.

Gerry Connolly (D-Va.), vice ranking member of the House Oversight and Government Reform Committee, has introduced the Equal COLA Act.

The bill would amend federal law to change the way cost-of-living-adjustments (COLA) are calculated for Federal Employee Retirement System (FERS) employees. The change would mean FERS retirees and participants in the Civil Service Retirement System (CSRS) would receive the same annual living adjustment.

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