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  1. Based on the increase in the Consumer Price Index, there was a 3.2 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities, effective December 1, 2023. Retirees saw the change in their December 29, 2023 payment and annuitants in their January 2, 2024 payment.

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  2. Relevant Law Section (10 USC Ch. 71 Section 1409): (c) Years of Creditable Service Defined.—In this section, the term "years of creditable service" means the number of years of service creditable to a member in computing the member's retired or retainer pay (including 1/12 of a year for each full month of service that is in addition to the ...

  3. 2 days ago · Section C---Pay Adjustments Section D---Conflict of Interest Section E---Foreign Government Employment Chapter 2. Foreign Citizenship After Retirement Chapter 3. Recomputation After Additional Active Duty Chapter 4. Basic Pay Rates, Legislative, and Cost-of-Living Adjustments to Retired Pay Chapter 5. Advancements on Retired List

  4. 1 day ago · Military Pay Center; Military Retirement; Military Benefits; Mil Money; Discount Depot; Off Duty. Gear Scout (Opens in new window) Military Culture; Military Fitness; Military Movies & Video Games;

  5. 4 days ago · Tricare Retired Reserve Healthcare Plan Cost Breakdown . The Retired Reserve Tricare plan includes a Catastrophic Cap, which is the most you (and any covered dependents) are allowed to pay out of pocket for covered health services. The 2024 Catastrophic Cap for the Tricare Retired Reserve plan is $4,399 per family.

  6. 5 days ago · This means that if $5,000/month is needed, then the cash bucket would hold $60,000 ($5,000 x 12 months) - $120,000 ($5,000 x 24 months) to cover this need. Cash is something that is liquid ...

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