boomer2 Posted August 3, 2015 Share Posted August 3, 2015 Check article, Looks like we will get a Cost of living increase. But probably not on SS http://www.military.com/military-report/house-passes-benefits-legislation.html?ESRC=mr0803.nl Link to comment Share on other sites More sharing options...
0 Moderator broncovet Posted August 4, 2015 Moderator Share Posted August 4, 2015 Thanks for the link, Vync. You are correct, that it is JUST COLA. It is interesting it passed 409-0. Link to comment Share on other sites More sharing options...
0 HadIt.com Elder Chuck75 Posted August 4, 2015 HadIt.com Elder Share Posted August 4, 2015 (edited) The current Consumer Price Index (CPI) has been in a downward trend since the beginning of the year. http://inflationdata.com/Inflation/Inflation_Rate/CurrentInflation.asp similar to what we saw in 2009, which lead to a stagnation in COLA for 3 years. The 2016 VA disability rates will be known by the middle to end of October, 2015 right after the September Consumer Price Index is released.Read more: http://militarybenefits.info/va-disability-rates/#ixzz3hqby2zzs The sad part is that the CPI does not equal the true cost of living increase. It was carefully structured so that it's actually representative of about one half of the true cost of living increase that is experienced by the average family or individual. Then to add further insult, the 100% VA disability payment is significantly less than the average veteran's "lost income". The difference is in the neighborhood of 10k-15k a year, according to the government's own numbers. Edited August 4, 2015 by Chuck75 Link to comment Share on other sites More sharing options...
0 USMC_VET Posted August 4, 2015 Share Posted August 4, 2015 I always like the term for the CPI as CP LIE. it is interesting as the CPI doesnt measure, housing, gas, electricity, etc since those "fluctuate" too much. because we all know those are very small parts of our budget....and as far as food they will measure say pork and corn, if pork and corn go up they measure chicken and chickpease, if those go up, then something else. so i put no credence in it. anyone here knows that the price of food has gone up much more than a few % over the past decade. if you look at how much a can of soup goes for it is not that much more, but you will notice that how much soup you got in a "can" is less than 10 years ago and made with cheaper ingredients in many cases. inflation is up. Link to comment Share on other sites More sharing options...
0 HadIt.com Elder Philip Rogers Posted August 4, 2015 HadIt.com Elder Share Posted August 4, 2015 We'll probably get the same as SS, which may be "zero!" I wouldn't spend it yet. jmopr Link to comment Share on other sites More sharing options...
0 HadIt.com Elder JR Reihs Posted August 4, 2015 HadIt.com Elder Share Posted August 4, 2015 my understanding is that this is the same as the social security cola increase. the va one has to be approved by congress while the ssa is automatic. r so i think i read. this is not any additionaal monies. You are correct. Congress must pass each year, a bill to give VA compensation COLA's. These COLA's will be the same as those on SS. Don't expect anything this year from either, the CPI is down, or at least flat, unless something extreme happens next month. Those on Medicare may see a 25-50% increase in premiums in the coming year......this is not set in stone yet, but the writing is on the wall. Link to comment Share on other sites More sharing options...
0 HadIt.com Elder Pete53 Posted August 4, 2015 HadIt.com Elder Share Posted August 4, 2015 We'll probably get the same as SS, which may be "zero!" I wouldn't spend it yet. jmo pr This is the annual legislation that allows VA to give the smae COLA that Social Security gives.. Link to comment Share on other sites More sharing options...
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boomer2
Check article, Looks like we will get a Cost of living increase. But probably not on SS
http://www.military.com/military-report/house-passes-benefits-legislation.html?ESRC=mr0803.nl
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Carl the Engineer
Any guess how much?, so I can start spending it ahead of time, like I usually do!!! Hamslice
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