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No Retiree COLA vs Military Pay Caps

October 27, 2015

moneyCome January, some military retirees are sure to ask why they haven’t seen an annual cost-of-living adjustment (COLA) in first-of-year paychecks.

About the same time, some active duty members will grumble that their annual pay raise has been capped again, this time at 1.3 percent, on the heels of record-low one percent pay hikes in both 2014 and 2015.

That’s also when some military folks might begin to wonder whose paydays have been pinched harder lately, service members or retirees?

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