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- Retired military members will see a $87 increase for each $1,000 of military retirement pension they receive each month in 20231. If you retired under the military’s Final Pay or High-3 retirement plans, you should receive the full COLA increase, as long as you have been retired for longer than one year. However, if you retire in 2023, you may not receive a full COLA increase, because DFAS applies COLA on a sliding scale for service members who retire during the calendar year2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.For 2023, retired military members will see a $87 increase for each $1,000 of military retirement pension they receive each month.www.military.com/benefits/military-pay/allowances/…If you retired under the military’s Final Pay or High-3 retirement plans, you should receive the full COLA increase, as long as you have been retired for longer than one year. If you retire in 2023, you may not receive a full COLA increase, because DFAS applies COLA on a sliding scale for service members who retire during the calendar year.themilitarywallet.com/military-retirement-pay-cola-i…
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