Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates

Title: Equal COLA Act Needed as Federal Retirees Continue to Get Different COLA Rates

Article Snip: "Social Security beneficiaries and Civil Service Retirement System (CSRS) retirees are expected to receive a 3.2% COLA for 2024, while Federal Employees Retirement System (FERS) retirees, those hired in 1984 or later, will only see a diet COLA of 2.2%.

That’s because of the way COLA is calculated for FERS.

Under current law, the COLAs for Social Security, CSRS, and FERS are all calculated based on the rate of inflation as measured by..."

Reference: www.afge.org
Equal COLA Act Needed,Age-Based Discrimination in COLA application (FERS vs CSRS),FERS vs,CSRS vs FERS,

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