Monday, May 13, 2024

Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates

Article Title: Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates
Snippet of Article: "...Under current law, the COLAs for Social Security, CSRS, and FERS are all calculated based on the rate of inflation as measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). If CPI is 2% or less, the FERS COLA is the same as the CSRS and Social Security COLA. But if the CPI is between 2.01% and 3%, the FERS COLA is 2%. If the CPI is greater than 3%, then the COLA for FERS is 1% less than the CSRS COLA. ..."


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[tag] CSRS vs. FERS, Age Discrimination in Federal Retirement, Biased Government, Equal COLA Act, [/tag]