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This estimate assumed that the COLA effective on December 1, 2013, would be 1.5 percent. (The annualized cost would be about $1.2 billion in subsequent years. The CBO previously estimated that the COLA change relative to current law would be about $2.6 billion on an annualized basis in contrast to that corrected figure of about $1.2 billion.) [5]
The Bill would amend the Continuing Appropriations Act of 2011 (which was itself amended by the Continuing Appropriations Resolution, 2013 (Pub. L. 112–175 (text))), to extend through December 31, 2013: (1) the freeze on statutory pay adjustments for federal employees and officials, and (2) the prohibition against any member of the Senior ...
The 2013 United States federal budget is the budget to fund government operations for the fiscal year 2013, which began on October 1, 2012, and ended on September 30, 2013. The original spending request was issued by President Barack Obama in February 2012.
The Equal COLA Act will ensure the nearly 800,000 federal retirees living on fixed incomes receive the full benefits they deserve to keep up with the cost of living,” stated Padilla.
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Federal pay rates (including military) were unaffected but the sequestration did result in involuntary unpaid time off, also known as furloughs. [4] The sequester lowered spending by a total of approximately $1.1 trillion versus pre-sequester levels over the approximately 8-year period from 2013 to 2021.
For example, the CPI-W climbed 2.5% in the third quarter of 2024, so Social Security benefits will receive a 2.5% COLA in 2025. The latest inflation report was bad news for retired workers on ...
The rule enabled the House to consider H.J.Res. 59 as it had last been sent to them by the Senate, on October 1, 2013, prior to the 2013 federal government shutdown. The rule also made two amendments in order. The first amendment is the text of the Bipartisan Budget Act of 2013, which would completely replace the existing text of H.J.Res. 59. [13]