Cost of Living Ajustment

[Fat]

Are military veterans getting a COLA increase starting 1/1/16?

If so, what percent?

[RUREADY]

they are scare to shut down because an election coming up..

keep the fight and your faith we shall win. Anything is better than nothing

I get a raise and not working for it THANK YOU. RU

Edited September 2, 2015 by RUREADY

[Buck52]

I'm not looking for any cola this year  simply because its an election year   them congress folks don't care about us Veterans.

just them self.

 

..........JMO

 

.................Buck

[jbasser]

I think this year it will be around 1.6 percent. By all means it should be 16 percent. 

The CPI is a filtered joke. They adjust the figures as they see fit.  

Gas prices are down but food prices, especially beef have skyrocketed.  

J

[Andyman73]

In the past 7 years, Federal employees, and sometimes military got raises while Veterans and seniors did not for 2 years, or was it 3?    Vets can likely expect this to happen again where inflation the government does not admit to makes our checks smaller and smaller.  We see that a lot with Seniors.  My father got about $400 per month social security when he died.

   When he retired, the $360 or so seemed like plenty to live on.   Soon, inflation ate his paycheck away with not near enough Cola's to make up for it.  My father did not have to live on social security alone, but for many this is their sole source of income.  

   In the same way, sure, for many people, the 3k per month seems like a lot..for some.  That is, until inflation and low/no Cola's eat it away, so 3k per month seems like 300 per month.

    My older brother had this to say about retirement.   He says figure out what the minimum you need to live on.  Then multiply that times 10 and you will be about right.    

Not to stir up the pot or open a can of worms, but I must inform you that during those 7 years I went 3.5years without COLA increase. The first 2 were by "the person in charge" and the 3rd year due to congress. And then in 2013 I got to enjoy a furlough as well.  All that fun as a Fed. Gov't. civilian.  Only because of my VA comp were we able to survive.

Andy

[broncovet]

This chart shows you are mostly right, Andy:

https://www.federalpay.org/gs/raises  and

http://www.ssa.gov/oact/cola/colaseries.html

The difference is that employees can get raises by moving up the ladder, seniors can not.

[Buck52]

Well if we don't get a cola increase this year   would they consider any other options that would help the veterans?

 

The property tax except sure helped this family  but its not fair to the other veterans that are not eligible..

 

jmo

 

.................Buck