The largest COLA increase in decades is coming in 2023. The Social Security Administration adjusts retirement and disability payments annually due to inflation. Learn more.
Is a major cost of living adjustment or COLA on the way for military retirees and veterans who collect VA compensation for service-connected medical issues? Many believe so due to the fact that VA COLA is tied to the Social Security Administration’s annual cost of living adjustment update. That update is determined by increases in… Read more »
What are military allowances? These are different types of payment than your base pay, proficiency pay, hazardous duty pay, or others. An allowance typically meets a specific need or anticipates a certain need. They may be needed to offset the cost of relocating to a new assignment, to help make family separations more affordable, or… Read more »