To the editor:
I am a retired federal employee writing to raise public awareness about the Equal COLA Act, H.R. 491/ S. 624, which would provide more equitable annual cost-of-living-adjustments (COLAs) for Social Security beneficiaries, federal annuitants and veterans under the Federal Employees Retirement System (FERS). The legislation would bring much-needed financial relief to millions of seniors across the country.
Under the Equal COLA Act, FERS retirees would receive full COLAs in line with the Civil Service Retirement System (CSRS) and Social Security beneficiaries’ annual COLA adjustments, instead of the current system, which caps their adjustments. This unfairly leaves FERS retirees’ annuities vulnerable to the impacts of inflation, and, in times of high inflation for retirees on fixed monthly incomes, can erode their financial stability.
Passage of the Equal COLA Act would guarantee fair treatment for federal retirees who have dedicated their careers to public service, and would ensure that they, and their annuities, are valued accordingly. I urge our members of Congress and my fellow Americans to stand up for the federal community and support the Equal COLA Act.
Sincerely,
Joseph Andrzejewski
Topsfield
