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Friday, January 28, 2011

Military Retirees Receive No Cost of Living Adjustment

Government says no inflation since 2008.


"Unfortunately, military retirees and annuitants will not receive a Cost of Living Adjustment increase in 2011. Most Survivor Benefit Plan premiums will not increase either.

Every year, military retirement pay and Social Security benefits are automatically adjusted to compensate for inflation. The adjustment is based on the Consumer Price Index (CPI) for the previous year. Published by the Department of Labor, the CPI is a measurement of the cost of purchased goods. This year, there was no increase in the index when compared to the third quarter of 2008, the last year we had inflation."

Source: COLA Update for 2011

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