Military retirement cola 2023

Frequent visitors to MOAA’s COLA Watch page won’t be surprised by this trend, but new figures point to an even larger adjustment in 2023 to combat ongoing inflation. The …The only option is to make some assumptions. As a starting point, Table 1 shows that the COLA for 2023 would be 8.9% if the CPI-W remained at its July level in August and September. At the...Military retirement also received an 8.7% COLA for 2023, according to this Department of Defense announcement, effective December 1, 2022. Pursuant to 10 U.S. Code … kid eleven costume stranger things Last October, when the COLA for 2022 was announced, federal retirees received a 5.9% increase for Civil Service Retirement System (CSRS) annuities and Social Security benefits and a 4.9% increase for Federal Employees Retirement System (FERS) annuities starting in January 2022. At the time, this was the largest COLA increase in 40 years.President Joe Biden signed the measure into law this week. Although the increase is for 2023, some veterans and retirees will see their first increase in their December checks. The 2022...Exactly how much more Social Security recipients, disabled veterans and federal retirees will receive in 2023 will be revealed in the fall. But the nonpartisan Senior Citizens League, an...Oct 31, 2022 · COLA Increases for Retirees and Veterans by the Numbers Those who draw military retirement pay or VA compensation for service-connected medical conditions will see their monthly payments increase by 8.7% in 2023. The increase is meant to offset inflation, and it’s the largest increase since 1981 when the COLA increase topped 11%. michael jordan basketball card value Oct 19, 2022 · The 2023 military retirement pay increase (aka retired COLA) has been calculated, and it’s a whopping 8.7% for those who retired prior to 2022! This projected increase is based on the Social Security cost-of-living adjustment. The Social Security adjustment changes the VA disability compensation rates by law. paper shredding augusta ga The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree – or about $1,680 per year. COLA increased by 5.9% in 2022.2022 - 2023 COLA The Social Security Administration announced the 8.7% COLA increase in October 2022. It's the largest COLA increase since 1981. The SSA expects it will provide an additional $140 per month to roughly 70 million Americans who receive Social Security and Supplemental Security Income benefits.Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation ... www.craigslist.com yumaAn average of $140 is going to increase from January 2023 for all retired military personnel, in 2023 the Social Security benefits is $1,681 which will be $1,827 from January 2023. Retired military personnel of 66 or 67 year, will get Social Security benefits of $2,972, which is currently only $2,734.The COLA is applied monthly, beginning with month of your retirement effective date. The COLA for all OPERS retirees in 2022 will be 3 percent. For those who will initially receive their adjustment in December 2022, the 3 percent COLA will apply through November 2023. Please call us at 800-222-7377 for questions about your benefit amount. Reply.2022/12/01 ... Despite many states' efforts to exempt military retirement pay from state income taxes, retirees should consider a state's total tax burden ... ikea family lookup The Social Security Administration (SSA) will publish the official 2023 COLA in mid-October 2022. The SSA will compute the percentage change in average prices between the third quarter of this year (ending September 30) and the prior year’s third quarter. Contact Information: Email: [email protected] Phone: 2178542386 Bio: 2023 Cost of Living Adjustment (COLA) Based on the increase in the Consumer Price Index, there will be an 8.7 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2022. Retirees will see the change in their Dec. 30, 2022 payment and annuitants in their Jan. 3, 2023 payment.2022/11/29 ... DoD recently announced the 2023 military retiree COLA that will first reflect in retired pay received on or about 1 January 2023.For military retirees, disabled veterans, Social Security recipients, and others whose future buying power depends on a cost-of-living adjustment (COLA), this issue requires a deeper dig. MOAA provides the raw material for members to keep track of potential COLA levels via its COLA Watch page, updated monthly.2022/10/13 ... Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the ...2023 COLA (Cost-of-Living Adjustments) Increase Watch The May CPI-W (288.022) increased over the last 12 months by 9.3%. 52 percent increase, with the largest being the 2 Best Places … doors open ball arena Dependency and Indemnity Compensation (DIC) benefits for surviving spouses of disabled Veterans are seeing an increase, too. This means an increase to $1,562.74 for 2023, with …px. Example Monthly and Annual Military Retirement Pay. Obviously, inflation is still going up. The 8.9% figure is now probably too low. Earlier this year, the group predicted a 2023 COLA …Military Retired COLA 2023. During the high inflation in United States of America, the Government has decided to increase COLA i.e. Cost Of Living Adjustment by 8.7% for … tirajrapid.com Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump.2023 Cost-of-Living Adjustment (COLA) As a result of the CPI-W release for the second quarter (April, May, and June) of 2022, the Social Security Administration calculated the official COLA of 8.7% for 2023. The COLA will increase by its most considerable amount since 1981 at the start of the new year.Beginning in 2023, disabled veterans and military retirees will see a record pay increase for the second year in a row. After taking into account inflation, COLA rates are rising … www comenity net ultamaterewardsmastercard Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump.Military Retirement Cola 2023: What You Need To Know. military retirement cola 2023 Military retirement cola 2023. The Department of Defense sets military retirement benefits by calculating the “Annual Cost-of-Living Adjustment” for each year. This article examines how that might change in 2023...Starting in 2023, veterans can look forward to an increase in their disability payments for the second year in a row. As a result of rapid inflation and a ...If the 8.7% materializes for 2023, military retirees would see an average increase of more than $219 in their monthly retirement checks. Veterans receiving disability compensation from the... max age to join navy seals The 2023 COLA is the the largest increase since the 11.2% adjustment of 1981. With a 8.7% jump, here's how Social Security benefits would change: The average monthly Social Security benefit ...The Social Security COLA for 2023 could reach 9%, but retirees should still budget cautiously. Retirees will receive a COLA notice in December detailing their updated Social Security... guess what the emojis spells COLAs for those retired less than one year are prorated according to the date on which they retired. If you retire in January, your first adjustment will be made in January of the following...Military Retirement Cola 2023: What You Need To Know. military retirement cola 2023 Military retirement cola 2023. The Department of Defense sets military retirement benefits by calculating the “Annual Cost-of-Living Adjustment” for each year. This article examines how that might change in 2023... Retirement pay increase. For 2023, retired military members will see a $87 increase for each $1,000 of military retirement pension they receive each month. Retirees …Before 2022’s adjustment of 5.9%, the largest COLA increase was in 1990 when it was at 5.4%. The 2023 COLA is looking like it will probably surpass the 7.4% amount received in 1982. Social security benefits and CSRS benefits will get an adjustment equal to the CPI for clerical workers (CPI-W). For FERS annuitants, when the COLA percentage is ... creepy vtuber 2022/12/12 ... The 4.6% active-duty and Guard and reserve pay raise joins an 8.7% cost of living adjustment (COLA) given to military retirees and veterans ... overlord movie release date Dec 27, 2022 · Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump. 2022/10/13 ... About 5 million veterans and 2 million military retirees receive benefits checks each month. The COLA increase legislation would apply to ... kia of cerritos studebaker road cerritos ca 2022/10/13 ... The 2023 federal retiree cost-of-living adjustment (COLA) will be 8.7 percent for those under the Civil Service Retirement System (CSRS) and ...How to use the High-3 military retirement calculator. If you joined between Sept. 8, 1980, and July 31, 1986, you can use the High-3 Calculator to figure out your estimated base pay. This retirement plan offers a pension after 20 years of service that equals 2.5% of your average basic pay for your three highest-paid years or 36 months, for each ... swiss colony my account COLAs for those retired less than one year are prorated according to the date on which they retired. If you retire in January, your first adjustment will be made in January of the following...Key Points. Predictions of federal retirement tsunami have not been accurate. Now more than 325,000 federal employees 60+ years old; 100% more than when tsunami first predicted. Pay raise in 2022 less than COLA; 2023 disparity could be even larger. More retirements likely with older workforce and disparity with COLA.The Social Security Administration (SSA) will publish the official 2023 COLA in mid-October 2022. The SSA will compute the percentage change in average prices between the third quarter of this year (ending September 30) and the prior year's third quarter. Contact Information: Email: [email protected] Phone: 2178542386 Bio:2022/12/14 ... COLA increase to compensation ... I did my 20 years in the military and retired. ... We will see the COLA increase on 01 January 2023. 4 2 3 1 tactics fifa 21 Military Pay Charts | 1949 to 2023 plus estimated to 2050 Download military pay charts to PDF or JPG. Army, Navy, Marines, and Air Force 2022 Military Pay Chart. Historic pay charts, pay raises and estimated future pay charts. Retirement Pay Calculator Military Retirement Pay Calculator - Calculate Retirement PayAug 17, 2022 · For 2023, that means military retirees would see an average increase of more than $240 in their monthly retirement checks. Veterans receiving disability compensation from the VA also would see their monthly disability payments increase, with the average monthly amount going up by more than $150. jennifer esposito benjamin bratt The American Legion Oct 20, 2022 Disabled veterans and military retirees will see an 8.7% increase in their Social Security benefits for 2023. On average, Social Security benefits will increase by more than $140 per month starting in January, according to the Social Security Administration.(Thomas Alvarez/Idaho Army National Guard) Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost... buying car batteries at costco Dec 23, 2022 · The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree – or about $1,680 per year. COLA increased by 5.9% in 2022. Military Retirement Cola 2023: What You Need To Know. military retirement cola 2023 Military retirement cola 2023. The Department of Defense sets military retirement benefits by calculating the “Annual Cost-of-Living Adjustment” for each year. This article examines how that might change in 2023...COLAs for those retired less than one year are prorated according to the date on which they retired. If you retire in January, your first adjustment will be made in January of the following... fedex express pay scale Oct 9, 2022 · From that perspective, a 9% COLA in 2023 would be great news for retirees. The average benefit paid to retired workers would rise by about $150 per month, and that extra cash would help... 2023 CONUS COLA Rates Released DECEMBER 27, 2022 – The Defense Department released the 2023 Continental United States Cost-of-Living Allowance (CONUS COLA) rates, which take effect Jan. 1, 2023.51K Share 865K views 5 months ago Is VA Disability Compensation going up in 2023? In this episode of theSITREP, Paul explains how current Cost of Living Adjustment (COLA) projections could mean...Members who entered the military prior to 9/8/1980 are under the Final Pay system, which is very similar to the High-3, with the same multiplier, COLA, etc. The ...The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree – or about $1,680 per year. COLA increased by 5.9% in 2022. hylebos blueberry farm park Military Retirees And Disabled Veterans Can Expect A Record Increase In Disability Pay In 2023 Starting in 2023, veterans can look forward to an increase in their disability payments for the second year in a row. As a result of rapid inflation and a revised Cost of Living Adjustment (COLA), VA disability benefits could increase by up to 10%.HAMPTON, Va. - Most military retirees are set to receive the largest pay bump since 1982 beginning January 1, 2022. In 2021, most retirees received a Cost of Living Adjustment (COLA) pay...December 27, 2022 Beginning in 2023, disabled veterans and military retirees will see a record pay increase for the second year in a row. After taking into account inflation, COLA rates are rising and disabled veterans and military retirees will be getting an 8.7% increase in their monthly checks on average. microsoft onenote templates for project management On October 13, 2022, the SSA announced its official Cost of Living Adjustment (COLA) of 8.7% for 2023, which affects more than 75 million Americans who receive Social Security and Supplemental Security Income (SSI) benefits, VA disability and pension benefits, military retirement pay, and other government benefits. #2.Military Retirement Cola 2023: What You Need To Know. military retirement cola 2023 Military retirement cola 2023. The Department of Defense sets military retirement benefits by calculating the “Annual Cost-of-Living Adjustment” for each year. This article examines how that might change in 2023...Retirement pay increase. For 2023, retired military members will see a $87 increase for each $1,000 of military retirement pension they receive each month. Retirees … barstool discount code reddit Starting in 2023, veterans can look forward to an increase in their disability payments for the second year in a row. As a result of rapid inflation and a ...Dec 27, 2022 · 2023 military pay increases are for all branches of the U.S. Armed Forces; Air Force, Army, Coast Guard, Marines, Navy, Space Force and Reserve forces where applicable. Most Popular Military Pay articles 2023 Military Pay Raise: Military Members Receive a 4.6% Increase 2023 Military Reserve Pay Dates 2023 Military Pay Charts Retirement pay increase. For 2023, retired military members will see a $87 increase for each $1,000 of military retirement pension they receive each month. Retirees …2023 COLA (Cost-of-Living Adjustments) Increase Watch The May CPI-W (288.022) increased over the last 12 months by 9.3%. 52 percent increase, with the largest being the 2 Best Places … where can i buy nexgard near meCONUS COLA base monthly payments range from $33 to $59 monthly for members with dependents and $22 to $45 monthly for those without dependents. The following Military Housing Areas (MHAs), with... CPI-W Measurements. COLA Increase History Since 1975. The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree - or about $1,680 per year. COLA increased by 5.9% in 2022.Military retirement cola 2023 In 2023, the military’s cost-of-living adjustment (COLA) will be 2.8%. This COLA is based on the consumer price index for urban wage earners and clerical workers (CPI-W), which is a measure of inflation. The CPI-W is calculated by the Bureau of Labor Statistics and is announced each September. my.averhealth.vom Aug 23, 2022 · Take the 2023 COLA of 8.7 percent, multiply it by the 2022 compensation rate, and then add that number to the rate. This adjusted figure is your 2023 VA monthly payment. The pay rates in this chart reflect the changes in compensation over the years based on a single veteran with no dependents. Additional Compensation for Qualifying Dependents Oct 31, 2022 · COLA Increases for Retirees and Veterans by the Numbers Those who draw military retirement pay or VA compensation for service-connected medical conditions will see their monthly payments increase by 8.7% in 2023. The increase is meant to offset inflation, and it’s the largest increase since 1981 when the COLA increase topped 11%. usxfcu December 31 vs. January 1. One day can make a big difference. If your retirement date is December 31, 2022, your COLA would be based on the Consumer Price Index for 2023, and you would receive your first COLA in May 2024. If you retire instead on January 1, 2023, that single day’s difference can delay your eligibility by up to one year, and ...Before 2022’s adjustment of 5.9%, the largest COLA increase was in 1990 when it was at 5.4%. The 2023 COLA is looking like it will probably surpass the 7.4% amount received in 1982. Social security benefits and CSRS benefits will get an adjustment equal to the CPI for clerical workers (CPI-W). For FERS annuitants, when the COLA percentage is ...The 2023 military retirement pay increase (aka retired COLA) has been calculated, and it’s a whopping 8.7% for those who retired prior to 2022! This projected increase is based on the Social Security cost-of-living adjustment. The Social Security adjustment changes the VA disability compensation rates by law. snifies map of men seeking men Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation ...Aug 31, 2022 · The only option is to make some assumptions. As a starting point, Table 1 shows that the COLA for 2023 would be 8.9% if the CPI-W remained at its July level in August and September. At the... Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump.Additional Notes on Military Pay for 2023 President Biden signed the Fiscal Year 2023 National Defense Authorization Act (NDAA), paving the way for a 4.6% increase in military pay for 2023. New pay rates are effective Jan. 1, 2023, and will first appear on Jan. 14, 2023, paychecks. car accident reports idaho 2021 CPI-W Measurements. COLA Increase History Since 1975. The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree – or about $1,680 per year. COLA increased by 5.9% in 2022.Aug 31, 2022 · The only option is to make some assumptions. As a starting point, Table 1 shows that the COLA for 2023 would be 8.9% if the CPI-W remained at its July level in August and September. At the... The military pay raise will begin in January if Congress approves — and Biden signs — the fiscal 2023 National Defense Authorization Act by the calendar year's end. Some veterans and retirees will see the 2023 Social Security COLA increase in their December checks.Military Retirement Cola 2023: What You Need To Know. military retirement cola 2023 Military retirement cola 2023. The Department of Defense sets military retirement benefits by calculating the “Annual Cost-of-Living Adjustment” for each year. This article examines how that might change in 2023... le swab Military retirement cola 2023 In 2023, the military’s cost-of-living adjustment (COLA) will be 2.8%. This COLA is based on the consumer price index for urban wage earners and clerical workers (CPI-W), which is a measure of inflation. The CPI-W is calculated by the Bureau of Labor Statistics and is announced each September.The American Legion Oct 20, 2022 Disabled veterans and military retirees will see an 8.7% increase in their Social Security benefits for 2023. On average, Social Security benefits will increase by more than $140 per month starting in January, according to the Social Security Administration. weather radar for southwest michigan 2022/10/13 ... Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the ...Mary Johnson, the Social Security and Medicare policy analyst for the Senior Citizens League, predicts that the 2023 COLA will be 9.6%. That would average out to about $160 more per month for retired workers. Does COLA apply to delayed Social Security? How Are COLAs And DRCs Applied To My Social Security Retirement Benefit? 2023 naplex course book Although the 2022 adjustment of 5.9 percent was already substantial, the 2023 adjustment is even higher. With the 8.7 percent COLA increase, veterans with a 100 percent disability rating and no dependents will see an extra $289.89 added to their disability compensation, yielding $3,621.95 per month . In comparison, the current 2022 rate for 100 ...President Joe Biden signed the measure into law this week. Although the increase is for 2023, some veterans and retirees will see their first increase in their December checks. The 2022... panasonic toughbook keyboard functions An average of $140 is going to increase from January 2023 for all retired military personnel, in 2023 the Social Security benefits is $1,681 which will be $1,827 from January 2023. Retired military personnel of 66 or 67 year, will get Social Security benefits of $2,972, which is currently only $2,734.We are fast approaching those lofty levels, a record we don’t want to breach. 2023 COLA PROJECTIONS According to Wilbert J Morell III, a retired Navy Engineering Project manager, “If inflation remains constant at 9.1% and the CPI-W remains constant at 292.542 then the Social Security and CSRS COLAs will be 9.0% and the FERS COLA will be 8.0%.”Oct 18, 2022 · The military pay raise will begin in January if Congress approves — and Biden signs — the fiscal 2023 National Defense Authorization Act by the calendar year's end. Some veterans and retirees will see the 2023 Social Security COLA increase in their December checks. CPI-W Measurements. COLA Increase History Since 1975. The 2023 cost of living adjustment (COLA) increase is 8.7%, according to the Social Security Administration. The increase in the cost-of-living adjustment is about a $140 monthly benefit increase for the average retiree – or about $1,680 per year. COLA increased by 5.9% in 2022.The partial COLA for REDUX plan retirees is based on the High-36, with a further prorated deduction. The first partial COLA under the Disability retirement plan is the same as for the Final Pay... lds.temple appointments The American Legion Oct 20, 2022 Disabled veterans and military retirees will see an 8.7% increase in their Social Security benefits for 2023. On average, Social Security benefits will increase by more than $140 per month starting in January, according to the Social Security Administration.The military pay raise will begin in January if Congress approves — and Biden signs — the fiscal 2023 National Defense Authorization Act by the calendar year's end. Some veterans and retirees will see the 2023 Social Security COLA increase in their December checks.Dec 27, 2022 · Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump. President Biden has signed the 2023 National Defense Authorization Act (NDAA) into law, ensuring military members will receive a 4.6% pay increase in 2023. The increase is the largest since 2002, but may not be enough to keep up with inflation. Advertising Disclosure. climatemaster business center Dec 27, 2022 · Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump. Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation. Dec 4, 2022 · An average of $140 is going to increase from January 2023 for all retired military personnel, in 2023 the Social Security benefits is $1,681 which will be $1,827 from January 2023. Retired military personnel of 66 or 67 year, will get Social Security benefits of $2,972, which is currently only $2,734. COLA Increases for Retirees and Veterans by the Numbers. Those who draw military retirement pay or VA compensation for service-connected medical conditions will see their monthly payments increase by 8.7% in 2023. The increase is meant to offset inflation, and it’s the largest increase since 1981 when the COLA increase topped 11%. greyhound mcallen 51K Share 865K views 5 months ago Is VA Disability Compensation going up in 2023? In this episode of theSITREP, Paul explains how current Cost of Living Adjustment (COLA) projections could mean...Federal Retirees Are Set to Receive the Highest COLA in Decades, But Some Will Get Less Than Others Civil Service Retirement System enrollees will see an 8.7% increase in their defined... fidelis care provider portal 2023 Cost of Living Adjustment (COLA) Based on the increase in the Consumer Price Index, there will be an 8.7 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2022. Retirees will see the change in their Dec. 30, 2022 payment and annuitants in their Jan. 3, 2023 payment.Updated: December 27, 2022. Written by Brittany Crocker. United States military members will see their largest-ever pay increase in 2023 – a 4.6% hike, according to the Bureau of Labor Statistics’ Employment Cost Index (ECI) and the 2023 defense budget. President Biden signed off on the 2023 defense budget, approving the 4.6% bump.The Social Security Administration (SSA) will publish the official 2023 COLA in mid-October 2022. The SSA will compute the percentage change in average prices between the third quarter of this year (ending September 30) and the prior year’s third quarter. Contact Information: Email: [email protected] Phone: 2178542386 Bio: tallahassee pick n pull px. Example Monthly and Annual Military Retirement Pay. Obviously, inflation is still going up. The 8.9% figure is now probably too low. Earlier this year, the group predicted a 2023 COLA increase of 7.6%. The Military Officers Association of America (MOAA) is the country's leading organization protecting the rights of military servicemembers and their families.Thank you my friend and sister-in-Christ Lt Col Charlie Brown for posting. My military retiree pay raise is 8.7% for 2023. "Military retirees and disabled ...COLA Increases for Retirees and Veterans by the Numbers Those who draw military retirement pay or VA compensation for service-connected medical conditions will see their monthly payments increase by 8.7% in 2023. The increase is meant to offset inflation, and it’s the largest increase since 1981 when the COLA increase topped 11%.2022 - 2023 COLA The Social Security Administration announced the 8.7% COLA increase in October 2022. It's the largest COLA increase since 1981. The SSA expects it will provide an additional $140 per month to roughly 70 million Americans who receive Social Security and Supplemental Security Income benefits. pearle vision order online