Senate repeals COLA cut for military retirees
The Senate voted overwhelmingly to repeal the 1% cut to the cost of living adjustments (COLA) for retired military service members and their survivors.
The measure would roll back the cuts military retirement benefits imposed by the Bipartisan Budget Act of 2013.
However, the retirement COLA cut may apply to people who join military after Jan. 1, 2014.
“I was proud to help lead the charge in the Senate to ensure our military retirees receive the benefits they’ve earned,” said Sen. Mark Pryor (D-Arkansas). “I’m glad the House turned off the politics and helped us get this bill over the finish line. That being said, there’s still work to do. We must find a permanent and responsible solution for our future military retirees.”
The non-partisan Congressional Budget Office estimated that a repeal of the COLA cuts could increase spending by $6.8 billion over the next 10 years.
- WhatTheFolly.com: Senate vote on repeal of cost of living adjustment (COLA) cut for military retirees – Feb. 12, 2014
- WhatTheFolly.com: Transcript: Sen. Mark Pryor’s floor speech on repealing the 1% COLA cut to military retirees – Feb. 11, 2014
- senate.gov: Vote #35 on S. 25 to repeal cuts to cost of living adjustments (COLA) for military retirees on Feb. 12, 2014
- thomas.loc.gov: Bill summary of S. 1963 “A bill to repeal section 403 of the Bipartisan Budget Act of 2013”
- cbo.gov: CBO estimate of S. 1963, A bill to repeal section 403 of the Bipartisan Budget Act of 2013 (PDF)
Category: Congress, Current Events, Defense Department, Feature, Government, Military, News, Politics, Social Services, U.S. · Tags: Bipartisan Budget Act of 2013, budget, CBO, COLA, Congress, Congressional Budget Office, cost of living adjustment, deficit reduction, federal budget 2014, government spending, Mark Pryor, military, retirement, S. 25, U.S., United States, US Senate