A concurrent resolution expressing the sense of Congress in favor of more equitable and uniform treatment of federally-funded and federally-administered retirement programs, and their cost-of-living adjustments, under the deficit reduction process.

Expresses the sense of the Congress that, in the application of deficit reduction legislation, adjustments to Federal retirement programs which provide periodic cost-of-living increases should be treated uniformly. Declares that the Gramm-Rudman-Hollings Act (Balanced Budget and Emergency Deficit Control Act of 1985) should be modified to reflect such treatment.