You will be redirected to the page you want to view in  seconds.

Retirees will get 1.7 percent COLA in 2013

Oct. 16, 2012 - 09:30AM   |   Last Updated: Oct. 16, 2012 - 09:30AM  |  
  • Filed Under

Military retirees can expect a 1.7 percent cost-of-living adjustment effective Dec. 1, with the extra money first showing up in January checks.

The same percentage increase will apply to Social Security, federal civilian retired pay and other government entitlements linked to the Consumer Price Index.

The increase is not as high as last year's 3.6 percent COLA, but that came after two years of no annual adjustments.

COLA increases are calculated by comparing average changes in consumer prices over three months July, August and September to the same three months of the previous year.

Answers by RallyPoint

Join trending discussions in the military's #1 professional community. See what members like yourself have to say from across the DoD.

More In Pay & Benefits

Start your day with a roundup of top defense news.

VA Home Loan

Search By:

Product Options:
Zip Code:

News for your in-box

Sign up now for free Military Times E-Reports. Choose from Money and Education. Subscribers: log in for premium e-newsletters.

This Week's Army Times

This Week's Army Times

CrossFit vs. unit PT
Troops will do the training plans in a $2.5 million study

Subscribe for Print or Digital delivery today!

MilitaryTimes Green Trusted Classifieds Looking to buy, sell and connect on Military Times?
Browse expanded listings across hundreds of military installations.
Faces of valorHonoring those who fought and died in Operations Iraqi Freedom and Enduring Freedom.
hall of valorThe Hall of Valor is a searchable database of valor award citations collected by Doug Sterner, a Vietnam veteran and Military Times contributing editor, and by Military Times staff.

All you need to know about your military benefits.

Benefits handbook

Guard & Reserve All you need to know about the Guard & Reserve.

guard and reserve handbook