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  2. Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation. This will be the largest increase since 1981 Retirees saw a 5.9% increase in 2022 and 1.3% in 2021; the annual adjustment has averaged ...
    www.military.com/benefits/military-pay/allowances/…
    The 2023 military retiree pay raise will provide an increase of 8.7% for disabled Veterans and military retirees. This increase is a notable departure from the average of the last decade of 1.9% and even more than the 5.9% increase of 2022. The culprit? Inflation. This increase to the federal Cost of Living Allowance (COLA) was ...
    veteranlife.com/veteran-benefits/2023-military-retir…
    2023 Military Retirement Pay COLA – 8.7% Increase The cost of living adjustment for 2023 will be 8.7% for Social Security checks, VA disability compensation and other government pension and benefit programs. Advertising Disclosure. Military retirement pay is based on a percentage of the base pay you received prior to retiring ...
    themilitarywallet.com/military-retirement-pay-cola-i…
    (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member’s highest 36 months of basic pay (b) At age 62 and after: 2.5% times the number of years of service times the average of the member’s highest 36 months of basic pay
    militarypay.defense.gov/Pay/Retirement/
    Your retirement benefit is determined by your years of service. It’s calculated at 2.5% times your highest 36 months of basic pay. Thrift Savings Plan contributions are not matched by the government. Calculate your pension under the legacy High-3 System.
    www.usa.gov/military-pay
     
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