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The Equal COLA Act amends federal retirement law to equalize cost-of-living adjustments (COLA) between the Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS). Currently, FERS annuities receive smaller annual COLA increases than CSRS annuities. The bill modifies the COLA calculation for FERS to match the methodology used for CSRS, effective for adjustments made after enactment and applying to all current and future FERS annuitants.
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