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  1. Military Retirement Pay

    • Learn about the different military retirement plans and how to calculate your retired pay based on your final pay, high 36, or disability. Find out how the Cost of Living Adjustment (COLA) affects your pay an… See more

    Military Retirement Plans

    A military retirement plan could be considered one of the best retirement plans around. There are a few options depending on when you began your service. Know your option… See more

    Military.com
    Retired Pay Base

    There are two ways of calculating your military retired pay base, the final pay method and the high … See more

    Military.com
    Retired Pay Multiplier

    For the Final Pay and High 36 retirement plans each year of service is 2.5% to your retirement multiplier. Depending on the type of service, active duty or reserve, your years of cre… See more

    Military.com
    Cost of Living Adjustment

    All military retirement plans include an annual Cost of Living Adjust (COLA). Each retirement plan adjustment is based on changes with the Consumer Price Index. For the Fin… See more

    Military.com
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  2. Across the board, retired and disabled Veterans will be getting a 5.9% retired military pay raise. Not only is a pay raise coming for military retirees, but it’s also the biggest increase in pay since 1982. On average, annual COLA increases have been just 1.5% for the entirety of the last decade.
    mybaseguide.com/retired-military-pay-raise-2022
    Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982.
    myarmybenefits.us.army.mil/News/Defense-Depart…
    Today, the Department of Defense announced annual cost of living adjustments that will benefit military retirees and survivors during calendar year 2022. Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982.
    www.defense.gov/News/Releases/Release/Article/…
     
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