Oh, thanks joementia.
“ The legislation, passed with bi-partisan support in the House and Senate, is an annual procedure for Congress but an important one, as it must be accomplished to ensure Veterans receive a COLA, and that it keeps pace with inflationary costs.”
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I have no idea why this MUST have Congress act each year. Why not make it simply an automatic process like the annual Social Security COLAs are?
So far, estimates for the 2024 SSA COLA are in the 2.7% to 3.1% range.
Of course, Medicare premium will eat up a chunk of that, as it nearly always does.