Tuesday, February 21, 2023

More Pretend Legislation to Make You Think Politicians are Trying to Standardize the annual annuity COLA for retired federal workers

Lawmakers Try Again to Standardize Cost of Living Raises for Federal Retirees

Article Excerpt: "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. Currently, the CSRS calculates cost of living adjustments based on the annual change in the third quarter consumer price index for workers, just like Social Security. But FERS COLAs are based on an extrapolation from that figure..."



Resource: www.govexec.com

CSRS vs FERS,Age Discrimination,Standardize the annual annuity COLA for retired federal workers,COLA Discrimination,