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  2. January 4, 2021

    Retirees will see the change in their December 31, 2020 payment and annuitants in their January 4, 2021 payment. The 2021 pay schedule is online here.:
    www.dfas.mil/RetiredMilitary/newsevents/newsletter/2021-COLA-and-Pay-Schedule/
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  3. People also ask
    Will military retirement pay increase in 2021?However, in 2021, the Department of Defense announced that military retirees would begin receiving an annual cost-of-living adjustment (COLA). You must also consider any withholdings, such as taxes, insurance, and allotments. The good news is that many states do not tax military retirement pay, so you may see an unexpected boost.
    When will a retiree receive payment in 2023?For example, in December 2023, retirees will receive payment on December 29, 2023. However, annuitants are scheduled to receive payment on January 2, 2024. Please see the chart for each month in 2024.
    Will military retirees receive a cost-of-living adjustment in 2021?You will no longer have your basic allowance for housing (BAH) , basic allowance for subsistence (BAS), or other benefits, such as incentive pay or bonuses. However, in 2021, the Department of Defense announced that military retirees would begin receiving an annual cost-of-living adjustment (COLA).
    When do military retirees get paid?Military retirees and annuitants get paid on the first day of the month, unless it falls on a weekend or holiday. If so, retirees are paid on the preceding business day and annuitants are paid on the following business day. Advertising Disclosure.
     
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