[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 3194 Introduced in Senate (IS)]

<DOC>






118th CONGRESS
  1st Session
                                S. 3194

  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

                            November 1, 2023

Mr. Padilla (for himself, Mr. Van Hollen, Mr. Sanders, Mr. Cardin, Mrs. 
 Murray, and Ms. Warren) 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>