2.0 percent Cost of Living Adjustment (COLA) for Military Retiree Pay

Defense Finance and Accounting Service ^ | 15 Dec 2017 | Defense Finance and Accounting Service

[Alas Babylon!]

Based on the increase in the Consumer Price Index, there will be a 2.0 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2017. Retirees will see the change in their Dec. 29, 2017 payment and annuitants in their Jan. 2, 2018 payment.

[Alas Babylon!]

I don't think--I could be wrong so please correct me if wrong--we got a single raise in the eight Obama years!

Thank you President Trump!

[Alas Babylon!]

Could you please post this to your list?

Thanks!

[sean327]

Smoke and mirrors. We wont see that money. Our Tricare premiums have also gone up so our COLA raise goes straight to Tricare. So in all reality we got a net raise of zero%.

[EQAndyBuzz]

What about for disability? I think under Obama we took a hit.

[sean327]

Disability is separate from retirement pay, so I’m not sure how that works out.

[airborne]

Not sure I remember correctly but I do seem to recall a one time .3% increase in the 8 years of Obama.

[Signalman]

This increase also applies to social security and CSRS recipients.

[trebb]

Except for us retirees who are on Tricare for Life - paying a lot more for Medicare but the SS raise, by law, has to outweigh the Medicare rise.....have to pay more to see a raise elsewhere....just went on Medicare and got a small refund from Tricare prime because it happened before end of Tricare season I was in - that puts me about $50 ahead in the coming year - after deducting the $2700 or so extra we pay for Medicare......for a grand total of -$2650 for the year.....still a better deal than what most 'civilians" are getting....

Which reminds me of how Congress broke its promise to us retirees who enlisted when free healthcare for life was part of the enlistment enticement - because it was policy instead of law - which begs why they can't break the DACA promise to illegals...........

[Not A Snowbird]

Nice surprise!

[grobdriver]

2% raise when inflation is 2.2%.

That sucks - but then I didn't get a raise at all this year... I'm happy for my brethren!

[Not A Snowbird]

Smoke and mirrors. We wont see that money. Our Tricare premiums have also gone up so our COLA raise goes straight to Tricare. So in all reality we got a net raise of zero%.

Not all of us. I don't use Tricare Prime; I'm perfectly content with Standard. I have very little out of pocket with them.

[sean327]

I still have 10 years before I go on the Tricare for Life deal. I just turned 52. At least the COLA increase covers the Tricare increase, so I’m not too upset about it.
And you are correct. When I walked into the Marine Corps Recruiter’s office in Feb of 1984 the free healthcare for life was pushed pretty good.

[suthener]

I’m perfectly content with Standard.

Me, too. I have never had a problem with Standard and, combined with Exprescripts, my out of pocket for medical is minuscule.

[StAntKnee]

On the other hand, the COLA, for increases in cost of living would specifically be for things like Tricare increases. So at least we didn’t lose $$. If it’s a wash, it’s not a loss.

Thanks for your service.

[Delta 21]

A lil sumthin sumthin from the C-I-C.

Thank you President Trump.
Delta-21
(MKC USCG-Ret)

[Delta 21]

Yes. 1981. SFC Coffelt told me personally that the military would pay 100% healthcare for me and my wife.

[Salvavida]

Or you can treat yourself by a naturopathic approach and actually get well instead of covering up symptoms.

[Theoria]

Throw in the GOP as well. Congress handles this.

[straps]

Wrong if you are on TFL there is NO PREMIUM whatso ever. So dont post half truths. If you are retired when you get Medicare you also get TFL....no charge thank General Olds he sued the democrats to get us that promise we were given when we enlisted....

[straps]

Sean your wrong on your MEDICARE costs mine is $1200 a year not the figure you used...