119-hr491

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 491 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 491

 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.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 January 16, 2025

 Mr. Connolly (for himself, Mr. Mullin, Ms. Tlaib, Ms. Brownley, Mr. 
 Boyle of Pennsylvania, Mr. Cleaver, Mr. Davis of North Carolina, Mrs. 
 McBath, Ms. DelBene, Mr. Frost, Mr. Cohen, Ms. Leger Fernandez, Mr. 
 Mrvan, Mr. Thanedar, Ms. Titus, Mrs. Cherfilus-McCormick, Mr. Raskin, 
Ms. McClellan, Mr. Casar, Mr. Davis of Illinois, Ms. Ocasio-Cortez, Mr. 
 Garamendi, Ms. Salinas, Mr. Lynch, Mr. Goldman of New York, Ms. Hoyle 
 of Oregon, Mr. Takano, and Mr. Mfume) introduced the following bill; 
 which was referred to the Committee on Oversight and Government Reform

_______________________________________________________________________

 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.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Equal COLA Act''.

SEC. 2. INCREASE IN COLA FOR FERS ANNUITIES.

    (a) In General.--Paragraph

    (1) of subsection

    (b) of 

section 8462 of 
title 5, United States Code, is amended to read as follows:
 ``

    (1) Except as provided in subsection
            (c) , effective December 1 of 
each year, each annuity payable from the Fund having a commencing date 
not later than such December 1 shall be increased by the percent change 
in the price index for the base quarter of such year over the price 
index for the base quarter of the preceding year in which an adjustment 
under this subsection was made, adjusted to the nearest \1/10\ of 1 
percent.''.

    (b) Application.--The amendment made by subsection

    (a) shall apply 
to--

    (1) any cost-of-living adjustment under 

section 8462 of 
 title 5, United States Code, made after the date of the 
 enactment of this Act; and

    (2) any annuity covered by such section commencing before, 
 on, or after such date.
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