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Military Times | Veterans, military retirees to see a 1.6 percent cost-of-living boost in benefits
Military retirees and veterans benefits recipients will see a 1.6 percent cost-of-living boost in their payouts starting in December, nearly half of the increase they received last year.
Officials from the Social Security Administration announced the COLA boost on Thursday, based on inflation and consumer spending calculations over the last few months. The increase will go into effect for about 69 million Social Security beneficiaries in coming months, most in January 2020. |
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