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. ..."

Source:

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

Another 'pretend' attempt to provide equality and equity between FERS and CSRS COLA standardization

Article Title: Lawmakers Try Again to Standardize Cost of Living Raises for Federal Retirees
Snippet of Article: "Federal employee groups have long decried the fact that retirees enrolled in the Federal Employees Retirement System receive lower annual annuity adjustments than their peers. ...The Equal COLA Act would ensure that federal retirees in the Federal Employees Retirement System and the Civil Service Retirement System both receive the same annual percentage cost of living increase each year."

Source: www.govexec.com

[tag] CSRS vs FERS, COLA Discrimination, [/tag]