CONGRESS FOR VOTERS

DemocratBill · S. 624· Senate(119-S-624)

Equal COLA Act

Rep. Padilla
Age: 53 years
California
Introduced
2/18/2025
Last activity
2/18/2025 — Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (Sponsor introductory remarks on measure: CR S1011)
Sponsored by
Alex Padilla
Cosponsors
Democrat - 18Republican - 0
Government Operations and Politics
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "Equal COLA Act," seeks to amend title 5 of the United States Code. The primary goal is to achieve parity between cost-of-living adjustments for annuities under the Federal Employees Retirement System and those under the Civil Service Retirement System. It changes how annuity increases are calculated based on percent change in the price index. These changes would apply to cost-of-living adjustments made after the Act is enacted. The amendment covers annuities regardless of whether they commenced before, on, or after the date of enactment.

Yes· 3 of 4

  • Would people over 65 be better off under this?+5

    The bill increases the cost-of-living adjustments for federal retirement annuities, providing more income for retirees.

  • Would retired people be better off under this?+5

    The bill provides higher annual cost-of-living adjustments for federal retirees under the FERS system.

  • Would middle-income households be better off under this?+3

    Federal employees and retirees in the middle class will benefit from more predictable and parity-aligned income adjustments.

The opposite

  • Does this make the government pay for what it commits to?-2

    By increasing the cost-of-living adjustment for FERS annuities to match CSRS, the bill increases future federal outlays.