House Passes 2013 COLA for Veterans

The House has passed H.R. 4114, the Veterans’ Compensation Cost-of-Living Adjustment Act of 2012. If it is signed into law by also passing the Senate vote, H.R. 4114 will increase the annual cost-of-living rate for veterans beginning on December 1, 2012. This year’s estimated COLA increase will be approximately 1.9 percent. For many, passage of the COLA each year is…

COLA benefits in 2012

Life in the military means you may find yourself living in some pricey areas of the country. But unlike civilian employers, who usually adjust compensation levels to reflect the local cost-of-living, the military pay table is set and does not change based on location. Thankfully, military service members may be eligible for a Cost-of-Living Allowance (COLA) which is designed to…