HR491
Introduced
Equal COLA Act
- Federal
- House
- Introduced Jan 16, 2025
- Session 119
Bill Text
Version IHThis Act may be cited as the Equal COLA Act.
Paragraph (1) of subsection (b) of section 8462 of title 5, United States Code, is amended to read as follows:
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.
The amendment made by subsection (a) shall apply to—
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
any annuity covered by such section commencing before, on, or after such date.
Paragraph (1) of subsection (b) of section 8462 of title 5, United States Code, is amended to read as follows:
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.
The amendment made by subsection (a) shall apply to—
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
any annuity covered by such section commencing before, on, or after such date.
Legislative Timeline
4 actions-
ASSUMING FIRST SPONSORSHIP - Mr. Walkinshaw asked unanimous consent that he may hereafter be considered as the first sponsor of H.R. 491, a bill originally introduced by Representative Connolly, for the purpose of adding cosponsors and requesting reprintings pursuant to clause 7 of rule XII. Agreed to without objection.
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Introduced in House
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Introduced in House
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Referred to the House Committee on Oversight and Government Reform.