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.
cost of living adjustment
Those using the Montgomery GI Bill can expect to see an increase in monthly GI Bill payments starting in October 2022. Fiscal 2023 GI Bill payments are increasing by nearly three percent from last year thanks to the annual Cost-Of-Living Adjustment or COLA. Those using the Post 9/11 GI Bill have already received their COLA…. Read 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 »