Military retirees getting a 1.3% cost of living increase. Feeling the love…Woohoo.

Military retirees, those who receive disability or other benefits from the Department of Veterans Affairs, federal retirees and Social Security recipients will see a 1.3% increase in their monthly checks for 2021.

The annual Cost Of Living Allowance (COLA) is 18% less than the 1.6% increase last year but in line with the historical increases seen over the last 10 years.

Each year, military retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation.

https://www.military.com/benefits/military-pay/allowances/cola-for-retired-pay.html