H.R. 866House118th Congress (2023-2025)In Committee

Equal COLA Act

Introduced February 8, 2023

AI-Generated Summary

Updated January 20, 2026 at 3:17 AM UTC

The Equal COLA Act amends Title 5 of the U.S. Code to make the cost‑of‑living adjustment (COLA) for Federal Employees Retirement System (FERS) annuities match the method used for Civil Service Retirement System (CSRS) annuities. It sets the annual COLA to the percent change in the price index for the base quarter of the current year compared to the prior year, rounded to the nearest one‑tenth of a percent, effective December 1 each year. The change applies to all FERS annuities, whether they began before, on, or after the law’s enactment, and to any future COLA adjustments.

Key Provisions

  • Amends the FERS COLA formula to use the percent change in the price index for the base quarter year‑over‑year, rounded to the nearest 0.1%.
  • Applies the new COLA calculation to any adjustment made after the Act’s enactment and to all FERS annuities regardless of their commencement date.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Oversight and Accountability.

February 8, 2023

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HouseIntro Referral

Introduced in House

February 8, 2023

HouseIntro Referral

Referred to the House Committee on Oversight and Accountability.

February 8, 2023

Floor Debate

1 member

What members said about H.R. 866 on the floor

1 Republican
Monica De La Cruz
Rep. Monica De La CruzR-TX-15 · Sep 12, 2023

Under clause 7 of rule XII, sponsors were added to public bills and resolutions, as follows: H.R. 16: Ms. Tokuda, Mr. Magaziner, Mr. Casten, Mr. Casar, Mr. Sherman, Ms. Caraveo, and Mr. Sablan. H.R.…

Bill Text

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Introduced in HouseIssued February 8, 2023

I

118th CONGRESS

1st Session

H. R. 866

IN THE HOUSE OF REPRESENTATIVES

February 8, 2023

Mr. Connolly (for himself and Ms. Spanberger) introduced the following bill; which was referred to the Committee on Oversight and Accountability

A BILL

To amend title 5, United States Code, to achieve parity between the cost-of-living adjustment with respect to an annuity under the Federal Employees Retirement System and an annuity under the Civil Service Retirement System, and for other purposes.

1.

Short title

This Act may be cited as the Equal COLA Act.

2.

Increase in COLA for FERS annuities

(a)

In general

Paragraph (1) of subsection (b) of section 8462 of title 5, United States Code, is amended to read as follows:

(1)

Except as provided in subsection (c), effective December 1 of each year, each annuity payable from the Fund having a commencing date not later than such December 1 shall be increased by the percent change in the price index for the base quarter of such year over the price index for the base quarter of the preceding year in which an adjustment under this subsection was made, adjusted to the nearest 1/10 of 1 percent.

.

(b)

Application

The amendment made by subsection (a) shall apply to—

(1)

any cost-of-living adjustment under section 8462 of title 5, United States Code, made after the date of the enactment of this Act; and

(2)

any annuity covered by such section commencing before, on, or after such date.