Will Va Cola Follow Suit?

[halos2]

Just found out SS raise to be 5.8%. Do you think VA Cola will be same or at 6.25 AS PREVIOUSLY EXPECTED?

[Testvet]

they are the same Congress always ties VA COLA's to what SS COLA's are that projection was made before the Sept and August numbers came out but since they both came back flat there was no increse for 2 months the price of gas dropping for the past 2 months saved the govt on next years COLA still 5.8% is a large increase compared to past years

http://www.washingtonpost.com/wp-dyn/conte...ml?hpid=topnews

Benefits for Social Security recipients and many federal government retirees will increase by 5.8 percent next year, the largest cost of living adjustment in a quarter century, following a year of rising food and energy prices.

Edited October 16, 2008 by Testvet

[jbasser]

It was decided by congress to make the VA cola the same as SS. We were anticipating a 6 percent cola but the government said the CPI was flat in September. So I will take the cola and not complain about it. I call it a diet cola as they have removed the sugar.

[john999]

It is a diet COLA. The government thinks a skinny vet is a happy vet. The skinny vet has skinny children and a skinny wife because he gets a diet COLA.

[Testvet]

my step daughter and her kids moved in and they need to lose some weight anyway diet cola for them Coffee for me rofl

[purple]

VAWatchdog.org is reporting that indeed it will be 5.8%.

[carlie]

With a 5.8 cola, between SSA and VA that raises my money

by $108.00 a month, which is $1296.00 a year.

I am glad for the increase and yes I sure wish it were more,

but this is still a much better cola than we've had in a

long, long time.

jmho,

carlie