Wednesday, October 14, 2009

ARMY TIMES: No COLA likely, but $250 check for some vets

According to an Army Times article, for the first time in 35 years, there will be no annual cost-of-living increase for military retirees or recipients of VA service-connected disability compensation, survivor, pension or social security payments because of the state of the economy and a drop in the measure to which the increase is indexed.

However, President Obama is proposing a one-time, one-per-eligible-person $250 payment to social security, VA compensation, and military retirement recipients. 

The COLA would have been expected beginning December 1.  It is unclear when the proposed $250 payments would be made.

The details are in the Army Times full article.

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