Social security

Discussion in 'UPS Retirement Topics' started by moreluck, Oct 15, 2012.

  1. moreluck

    moreluck golden ticket member

    I heard there is to be a COLA raise of 1% or 2 %................in the recent past, there's been no increase, so 1 or 2 % is great!!
     
  2. texan

    texan Well-Known Member

    It seems to follow this, or the Military Retired Pay follows the CBO figure:

    The Congressional Budget Office is predicting a 1.3 percent cost-of-living adjustment in military retirement and
    veterans’ disability benefits in 2013, an increase far smaller than the 3.6 percent hike received this year.
     
  3. texan

    texan Well-Known Member

    The Congressional Budget Office is sticking with its projection of a 1.3 percent cost-of-living adjustment on
    Dec. 1 in military and civilian retired pay and Social Security.

    There had been discussion earlier this year that the annual COLA could be as high as 1.9 percent.
    However, a Sept. 12 statement from the nonpartisan budget office “assumes that the COLA
    effective on Dec., 1, 2012 would be 1.3 percent.”

    Amount of retirement COLA predicted for 2013 - Army News | News from Afghanistan & Iraq - Army Times