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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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    Will military retirees receive a cost of living adjustment in 2021?Today, the Department of Defense announced annual cost of living adjustments that will benefit military retirees and survivors during calendar year 2021. Most military retirees will receive a 1.3 percent increase to their retired pay beginning with the pay they receive on December 31, 2020.
    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 do the 2021 military pay charts go into effect?If approved, the 2021 military pay charts go into effect on January 1, 2021. You will see the corresponding income in your first paycheck, which should arrive on January 15, 2021. Each year, the government reviews military compensation and proposes an annual cost of living adjustment.
    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.
     
    • ENTITLEMENT MONTHRETIRED PAY DATEANNUITANT PAY DATE
      September 2023September 29, 2023October 2, 2023
      October 2023November 1, 2023November 1, 2023
      November 2023December 1, 2023December 1, 2023
      December 2023December 29, 2023January 2, 2024
      See all 17 rows on www.dfas.mil
     
  4. WEBDec 12, 2022 · If approved, the 2021 military pay charts go into effect on January 1, 2021. You will see the corresponding income in your first paycheck, which should arrive on January 15, 2021. Each year, the …

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