2013 COLA for Retired Military Veterans

The 2013 COLA (cost-of-living adjustment) for retired military veterans has been increased by 1.7%. This change is effective December 1, 2012 and will be reflected on the first check to be paid on December 31, 2012. The 1.7% COLA adjustment is also effective for disabled veterans, military and federal civilian retirees, survivor benefit annuitants and Social Security recipients.

The 2013 COLA of 1.7% is less than half of last year’s 3.6% adjustment after two years of no adjustments when the Consumer Price Index actually fell at the outset of the recession.

The cost-of-living-adjustment is determined by the Bureau of Labor Statistics’ Consumer Price Index (CPI-W). It is based on the percentage increase of the CPI-W from the 3rd quarter of the previous year versus the current year’s 3rd quarter.

Veterans who retired during the 2012 calendar year will receive a temporary partial COLA due to already receiving a military pay raise in January.

History of Social Security COLA (cost-of-adjustments) since 1975:

Year COLA Year COLA Year COLA
1975 8.0% 1988 4.0% 2001 0.6%
1976 6.4% 1989 4.7% 2002 1.4%
1977 5.9% 1990 5.4% 2003 2.1%
1978 6.5% 1991 3.7% 2004 2.7%
1979 9.9% 1992 3.0% 2005 4.1%
1980 14.3% 1993 2.6% 2006 3.3%
1981 11.2% 1994 2.8% 2007 2.3%
1982 7.4% 1995 2.6% 2008 5.8%
1983 3.5% 1996 2.9% 2009 0.0%
1984 3.5% 1997 2.1% 2010 0.0%
1985 3.1% 1998 1.3% 2011 3.6%
1986 1.3% 1999 2.5% 2012 1.7%
1987 4.2% 2000 3.5%

 

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