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H.R. 491 · 119th Congress

Equal COLA Act

Agreed

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Bill details

Introduced: 1/16/2025
Current status: Agreed
Bill ID: 119hr491
Latest official action: ASSUMING FIRST SPONSORSHIP - Mr. Walkinshaw asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 491, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

Equal COLA Act This bill applies a cost-of-living adjustment (COLA) for annuities paid under the Federal Employees Retirement System that is equal to the increase in inflation, regardless of the amount of the increase. Specifically, for any year in which the Consumer Price Index (CPI) has increased over the previous year, the COLA amount shall be increased by the change in the CPI from the previous year. Current law applies an adjustment equal to the change in CPI only if the change is 2% or less. If the change is between 2% and 3%, the adjustment is limited to 2%. If the change is more than 3%, the adjustment is limited to 1% less than the change.

Source: BILLSUM · Summary date: 1/16/2025

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Last updated: 1/16/2025Source: BILLSUMBill: 119hr491Learn more →