Military Retiree COLA Raise Set at 2.1 Percent
Tuesday November 4, 2003
Payments to military retirees will include a 2.1 percent cost of living allowance increase based on figures announced by the Bureau of Labor Statistics. The COLA (Cost of Living Allowance) also affects federal retired pay, VA disability compensation, SBP survivor annuities and Social Security.
The COLA for these programs will be effective December 1st, and will be reflected in checks issues on January 2, 2004. Social Security and Supplemental Security Income benefits increase automatically each year based on the rise in the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), from the third quarter of the prior year to the corresponding period of the current year.
The COLA for these programs will be effective December 1st, and will be reflected in checks issues on January 2, 2004. Social Security and Supplemental Security Income benefits increase automatically each year based on the rise in the Bureau of Labor Statistics' Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), from the third quarter of the prior year to the corresponding period of the current year.
Comments
The 2007 COLA for military retirees
is 3.3% and notr 2.1 a
The 2007 COLA for military retirees
is 3.3% and notr 2.1 a