119-s624

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 624 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 624

 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 SENATE OF THE UNITED STATES

 February 18, 2025

Mr. Padilla (for himself, Mr. Van Hollen, Mr. Sanders, Mrs. Murray, Ms. 
 Warren, Ms. Baldwin, Mr. King, Mr. Schatz, Mr. Blumenthal, Mr. Kaine, 
and Mr. Fetterman) introduced the following bill; which was read twice 
 and referred to the Committee on Homeland Security and Governmental 
 Affairs

_______________________________________________________________________

 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.--

Section 8462

    (b)

    (1) of title 5, United States Code, 
is amended to read as follows:
 ``

    (b)

    (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 enactment 
 of this Act; and

    (2) any annuity covered by 

section 8462 of title 5, United 
 States Code, commencing before, on, or after the date of 
 enactment of this Act.
 <all>