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Stars and Stripes | Military retirees, survivors to see a 1.6% COLA boost in 2020
Military retirees and eligible survivors will receive a 1.6% boost in their monthly pay beginning in January based on the Pentagon’s annual cost of living adjustment, the Defense Department announced Wednesday.
The increased pay will be doled out to most military retirees, survivors of service members who died on active or inactive duty and survivors of retirees who participated in the Survivor Benefit Plan, which pays the family of someone who opted for monthly annuities following the death of an eligible military retiree. The 2020 adjustment is less than last year’s 2.8% increase, but it is comparable to adjustments in other recent years. |
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