New ‘COLA fix’ creates have, have-not retiree protection
Congress has rushed to protect the medically retired and survivor benefit recipients from the cap on annual cost-of-living adjustments it approved only a few weeks ago for all “working age” military retirees. The lightning quick “COLA fix,” part of a massive omnibus funding bill for 12 federal departments, still leaves most military retirees under age 62 with future COLAs trimmed by 1 percent below the annual inflation rate, an erosion of retirement value set to begin in January 2016. Read more…
Notice: The “Read more…” link provided above connects readers to the full text of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc. or socialsecurityreport.org.