The bill wants to make sure that people who worked for the government and are now retired get the same extra money each year to help pay for things that get more expensive. It wants to make this process clearer and more fair for everyone.

S. 624, called the “Equal COLA Act,” is a rule that wants to make sure that the money given to retired federal workers to help with living costs is fair and the same for everyone, no matter which retirement plan they are in. It means when prices go up each year, everyone’s retirement checks will increase the same way.