We urge you to take action and urge your Representative to cosponsor the Equal COLA Act, H.R. 491. This vital bill aims to rectify the unfair policy that limits the cost-of-living adjustments (COLAs) for Federal Employees Retirement System (FERS) retirees.
Under the current system, FERS retirees face a cap on their annual COLA, which leaves their retirement annuities vulnerable to the impacts of inflation. This policy disproportionately affects retirees, especially during times of high inflation when fixed monthly incomes are eroded by increasing costs for essential goods and services.
The Equal COLA Act, H.R. 491, seeks to provide full COLAs to FERS retirees, ensuring that the value of their retirement annuities is preserved. By bringing the FERS COLA in line with the Civil Service Retirement System (CSRS) and Social Security beneficiary's annual COLA adjustments, this bill would guarantee fair treatment for federal retirees who have dedicated their careers to public service.
Your support can make a significant difference in accelerating the legislative process and garnering bipartisan backing in both chambers. We need your voice to amplify our message and rally support for this important piece of legislation. Here's how you can take action: