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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Why Some Retirees Won’t Get the Full 3.2% Social Security COLA Next Year

Title: Why Some Retirees Won’t Get the Full 3.2% Social Security COLA Next Year

Article Snip: "...not all COLAs are created equal. Although it was announced in October that Social Security beneficiaries will receive a 3.2% COLA increase next year, most retired federal workers will receive just a 2.2% raise. ..."

Reference: www.newsobserver.com
Social Security COLA 2024

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Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment

Title: Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment

Article Snip: "But like every year, not all federal retirees will receive the full 2024 COLA. Depending on the system under which a federal employee retires, the exact 2024 COLA amount varies. ...Based on these calculations, FERS retirees will receive a 2.2% COLA starting in January. ..."

Reference: federalnewsnetwork.com
Age-Based Discrimination in COLA application (FERS vs CSRS),CSRS vs FERS,COLA 2024,

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2024 CSRS COLA for federal retirees will be 3.2%, Social...

Title: 2024 COLA for federal retirees will be 3.2%, Social...

Article Snip: "...Retirees to see smaller Social Security COLA boost as inflation...Those under FERS get the full amount if the CPI-W increase is less than 2%. If it increased between 2% and 3%, the COLA is a flat rate of 2%. If it increased more than 3%, the COLA is the value of the CPI-W minus one. "

Reference: www.federaltimes.com
Inflation,2024 COLA for federal retirees,

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Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) Update

Title: Postal Retirees Deserve Better: Urge Congress to Pass H.R. 82, the Social Security Fairness Act

Article Snip: "...The Social Security Fairness Act would repeal the WEP, which penalizes many APWU retirees who receive a civil service pension but paid into Social Security in previous employment. It also repeals the GPO, which unfairly penalizes many spouses and widows with prior employment pensions. This vote means that we are closer than ever to removing the GPO and WEP. ..."

Reference: apwu.org
Windfall Elimination Provision (WEP), Government Pension Offset (GPO), WEP Update,CSRS,Age-Based Discrimination in COLA application (FERS vs CSRS),

CSRS vs FERS: Bill Would Remove Discriminatory Federal Retiree Annual Increases: Equal COLA Act (H.R. 304)

Title: Bill Would Standardize Federal Retiree Annual Increases, and More

Article Snip: "...The Equal COLA Act (H.R. 304), introduced by Rep. Gerry Connolly, D-Va., would ensure that federal retirees in the Federal Employee Retirement System and the Civil Service Retirement System both receive the same annual percentage cost of living increase each year..."

Reference:
Equal COLA Act (H.R. 304)