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      • Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual Cost of Living Adjustment (COLA) due to inflation. While 3.2% may look low compared to the 2022 (5.9%) and 2023 (8.7%) adjustments, it's still above the average of 2.6% for the prior 20 years.
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  2. Oct 12, 2023 · Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual Cost of Living Adjustment (COLA) due to inflation.

  3. The retired pay computed under each retired pay plan is adjusted each year, effective December 1st, by the change in consumer prices. The COLA is determined by the percentage increase,...

  4. Apr 8, 2024 · The measure from Senate Veterans’ Affairs Committee Chairman Jon Tester, D-Mont., and ranking member Jerry Moran, R-Kan., would increase the rates of compensation for veterans with...

    • Leo Shane III
  5. Jan 2, 2024 · Military retirement pay and various VA benefits receive a COLA (Cost-of-Living Adjustment) increase yearly to keep pace with inflation. The COLA for 2024 is 3.2%, which includes Social Security checks, disability compensation and other pensions/benefits.

  6. Jan 2, 2024 · Cost of Living Adjustments (COLA) affect Social Security, retirement pay and veterans benefits like Department of Veterans Affairs disability compensation, annual military-base-pay cost-of-living increases, and location-based cost-of-living increases.

  7. Oct 17, 2023 · Veterans on disability and military retirees will receive the same 3.2% cost-of-living increase in 2024 that federal officials announced last week for Social Security recipients. The boost is much smaller than this year’s 8.7% increase over 2022 and reflects a cooling from inflation.

  8. Dec 22, 2023 · The 5.2% raise in basic pay for active-duty, Guard and reserve members in 2024 joins a 3.2% cost of living adjustment (COLA) given to military retirees and to veterans who receive disability ...

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