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Cost of Living Allowance (COLA) is an entitlement given to military servicemen and women United States military living in high-cost areas or stationed overseas. It is intended to compensate service members for the high cost of living at certain duty stations. COLA is also given to other US government employees living abroad, dependent upon agency.
COLA (cost of living allowance): Non-taxable money paid monthly to offset the additional costs of living in a particular location, usually an overseas location. The amount of COLA varies by country and possibly location in a country.
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension , but a retainer payment, as retired service members are eligible to be reactivated.
A 2.5% increase is below the average COLA since it became annual in 1975, but it could also be worse. There have been a few instances when benefits remained the same, but that's more of an anomaly ...
On Oct. 10, the Social Security Administration announced that the cost-of-living-adjustment (COLA) increase for 2025 would be 2.5%.. That’s likely disappointing news for retirees who have ...
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The 2025 Social Security cost-of-living adjustment (COLA) came in at just 2.5%. For years, groups like The Senior Citizens League (TSCL) have been calling for changes to the way the government ...
COLAs provide a much-needed boost to all retirees' checks, and the 2025 COLA is almost here. But to make the most of it, it helps to understand how COLAs work. 1. What a COLA is.