Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012
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Title : Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012
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Title : Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012
link : Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012
news-today.world | Military retirees and those who receive disability checks and some other types of pay from the Department of Veterans Affairs will see a 2 percent pay raise in their monthly paychecks in 2018.
It is the biggest cost of living (COLA) increase since 2012, equaling as much as $310 a month for those at the top of the retirement pay charts.
Many Monthly Benefits Going Up
Thanks to the increase, the average military retirement check for an E-7 with 20 years of service will go up by $46 a month, while an O-5 with the same time in uniform will see an $88 monthly increase.
Disabled veterans will also see a bump, with the average VA disability checkgoing up about $3 per month for those with a 10 percent rating, and $58 for those rated at 100 percent.
Other users, including Survivor Benefit Plan beneficiaries and those who draw Dependency and Indemnity Compensation (DIC), can also expect to benefit from the bump.
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It is the biggest cost of living (COLA) increase since 2012, equaling as much as $310 a month for those at the top of the retirement pay charts.
Many Monthly Benefits Going Up
Thanks to the increase, the average military retirement check for an E-7 with 20 years of service will go up by $46 a month, while an O-5 with the same time in uniform will see an $88 monthly increase.
Disabled veterans will also see a bump, with the average VA disability checkgoing up about $3 per month for those with a 10 percent rating, and $58 for those rated at 100 percent.
Other users, including Survivor Benefit Plan beneficiaries and those who draw Dependency and Indemnity Compensation (DIC), can also expect to benefit from the bump.
More
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You are now reading the article Retirees, VA Disability Recipients to Get Biggest Pay Raise Since 2012 With link address https://newstoday-ok.blogspot.com/2017/10/retirees-va-disability-recipients-to.html