| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 491 |
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| 5 | 5 | | To amend title 5, United States Code, to achieve parity between the cost- |
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| 6 | 6 | | of-living adjustment with respect to an annuity under the Federal Em- |
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| 7 | 7 | | ployees Retirement System and an annuity under the Civil Service Retire- |
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| 8 | 8 | | ment System, and for other purposes. |
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| 9 | 9 | | IN THE HOUSE OF REPRESENTATIVES |
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| 10 | 10 | | JANUARY16, 2025 |
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| 11 | 11 | | Mr. C |
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| 12 | 12 | | ONNOLLY(for himself, Mr. MULLIN, Ms. TLAIB, Ms. BROWNLEY, Mr. |
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| 13 | 13 | | B |
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| 14 | 14 | | OYLEof Pennsylvania, Mr. CLEAVER, Mr. DAVISof North Carolina, |
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| 15 | 15 | | Mrs. M |
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| 16 | 16 | | CBATH, Ms. DELBENE, Mr. FROST, Mr. COHEN, Ms. LEGER |
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| 17 | 17 | | F |
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| 18 | 18 | | ERNANDEZ, Mr. MRVAN, Mr. THANEDAR, Ms. TITUS, Mrs. CHERFILUS- |
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| 19 | 19 | | M |
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| 20 | 20 | | CCORMICK, Mr. RASKIN, Ms. MCCLELLAN, Mr. CASAR, Mr. DAVISof |
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| 21 | 21 | | Illinois, Ms. O |
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| 22 | 22 | | CASIO-CORTEZ, Mr. GARAMENDI, Ms. SALINAS, Mr. |
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| 23 | 23 | | L |
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| 24 | 24 | | YNCH, Mr. GOLDMANof New York, Ms. HOYLEof Oregon, Mr. |
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| 25 | 25 | | T |
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| 26 | 26 | | AKANO, and Mr. MFUME) introduced the following bill; which was re- |
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| 27 | 27 | | ferred to the Committee on Oversight and Government Reform |
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| 28 | 28 | | A BILL |
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| 29 | 29 | | To amend title 5, United States Code, to achieve parity |
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| 30 | 30 | | between the cost-of-living adjustment with respect to an |
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| 31 | 31 | | annuity under the Federal Employees Retirement System |
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| 32 | 32 | | and an annuity under the Civil Service Retirement Sys- |
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| 33 | 33 | | tem, and for other purposes. |
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| 34 | 34 | | Be it enacted by the Senate and House of Representa-1 |
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| 35 | 35 | | tives of the United States of America in Congress assembled, 2 |
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| 36 | 36 | | SECTION 1. SHORT TITLE. 3 |
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| 37 | 37 | | This Act may be cited as the ‘‘Equal COLA Act’’. 4 |
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| 38 | 38 | | VerDate Sep 11 2014 16:38 Feb 11, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H491.IH H491 |
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| 39 | 39 | | ssavage on LAPJG3WLY3PROD with BILLS 2 |
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| 40 | 40 | | •HR 491 IH |
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| 41 | 41 | | SEC. 2. INCREASE IN COLA FOR FERS ANNUITIES. 1 |
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| 42 | 42 | | (a) I |
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| 43 | 43 | | NGENERAL.—Paragraph (1) of subsection (b) 2 |
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| 44 | 44 | | of section 8462 of title 5, United States Code, is amended 3 |
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| 45 | 45 | | to read as follows: 4 |
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| 46 | 46 | | ‘‘(1) Except as provided in subsection (c), effective 5 |
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| 47 | 47 | | December 1 of each year, each annuity payable from the 6 |
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| 48 | 48 | | Fund having a commencing date not later than such De-7 |
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| 49 | 49 | | cember 1 shall be increased by the percent change in the 8 |
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| 50 | 50 | | price index for the base quarter of such year over the price 9 |
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| 51 | 51 | | index for the base quarter of the preceding year in which 10 |
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| 52 | 52 | | an adjustment under this subsection was made, adjusted 11 |
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| 53 | 53 | | to the nearest |
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| 54 | 54 | | 1 |
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| 55 | 55 | | ⁄10of 1 percent.’’. 12 |
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| 56 | 56 | | (b) A |
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| 57 | 57 | | PPLICATION.—The amendment made by sub-13 |
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| 58 | 58 | | section (a) shall apply to— 14 |
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| 59 | 59 | | (1) any cost-of-living adjustment under section 15 |
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| 60 | 60 | | 8462 of title 5, United States Code, made after the 16 |
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| 61 | 61 | | date of the enactment of this Act; and 17 |
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| 62 | 62 | | (2) any annuity covered by such section com-18 |
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| 63 | 63 | | mencing before, on, or after such date. 19 |
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| 64 | 64 | | Æ |
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| 65 | 65 | | VerDate Sep 11 2014 16:38 Feb 11, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H491.IH H491 |
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| 66 | 66 | | ssavage on LAPJG3WLY3PROD with BILLS |
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