Department of Defense raising cost of living pay for military re - WFMJ.com News weather sports for Youngstown-Warren Ohio

Department of Defense raising cost of living pay for military retirees

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The men and women who have served the United States and are now retired can expect a bit of a boost in their pay. 

The Department of Defense announced that most military retirees will receive a 2.8 percent increase to their retired pay beginning with the pay they receive on Jan. 1, 2019.  

Likewise, the DOD says survivors of members who died on active or inactive duty, or survivors of military retirees who participate in the Survivor Benefit Plan, will, in most cases, also see a 2.8 percent increase to their annuities beginning in January.  

Beginning in 2019, survivors who are eligible for the Special Survivor Indemnity Allowance (SSIA) will also receive an increase in their SSIA payments that reflects this 2.8 percent adjustment.  

According to the DOD, the maximum amount of SSIA payable will be $318 beginning in January.

A release says the cost of living adjustments are calculated based on the Consumer Price Index for Urban Wage Earners and Clerical Workers for the four quarters ending with the third calendar quarter of 2018 (July, August, and September 2018), and generally go into effect for all pay received beginning in January 2019.

Those military retirees who retired during the calendar year 2018, and all military retirees who retired under the REDUX retirement system, receive a slightly different annual cost of living adjustment.   

The complete list of updates to military retired and retainer pay, and survivor annuities, allowances and premiums can be found at https://militarypay.defense.gov/Pay/Retirement/Cola.aspx.
 

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