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Military retirees, those who receive disability or other benefits from the Department of Veterans Affairs, federal retirees and social security recipients will see a 1.6% increase in their monthly checks for 2020.
The annual Cost Of Living Allowance (COLA) is smaller than the 2.8% increase from last year but in line with the historical increases seen over the last ten years. Each year military retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation.
Chief Judge Navy Capt. James Crisfield delivered the opinion last week, joined by Senior Judges Navy Capt. Marcus Fulton and Marine Col. Jonathan Hitesman. The decision was made as a result of an appeal from retired Chief Petty Officer Stephen Begani, who was court-martialed after leaving the Navy on charges of attempted sexual abuse of a child.
The state with the most active-duty US troops is also too expensive for veterans to retire, study say
California's high cost of living makes it a difficult place for retired military service members to settle down, according to an annual report by financial services website WalletHub.
California — home to the largest number of active-duty troops in the nation — fares poorly in the survey when it comes to affordable housing, homelessness and the proportion of of businesses in the state that are owned by veterans.
Alright, so you’re thinking about your long-term financial security. Maybe you’re tired of making the rounds like a MARPAT-clad Oliver Twist, cover in hand, begging for more, please, so you can afford your monthly phone bill and streaming service payment.
The day you join the military is the day you stop being an individual. In the military, “being an individual” is such a bad thing that it’s actually an insult, especially in recruit training. Whether you’re in the military for four years or 40, the work you do becomes your identity. Pilot, grunt, clerk; it’s not just your job description: It’s who you are. If you’d asked me to describe myself while I was in the military, the first words I’d have said were “Marine” and “pilot.”