Friday, January 24, 2014
COLA Breach of Faith Hearings
The Senate Armed Services Committee will hold hearings on the impact of the pending cost-of-living adjustment cuts for military retirees. The COLA reductions (1% each year) will have a huge impact on the overall retirement pay that veterans receive. This is a terrible breach of faith to the veterans that served 20 or more years - especially in light of the past twelve years where the country has been constantly at war in Iraq and Afghanistan. Learn more in "Senate to hold hearing on pending COLA cuts", Military Times, January 20, 2014.