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  2. First business day of the month

    Military retiree and annuitant pay day is always on the first business day of the month. If the first of the month is a Saturday, Sunday or holiday, retiree pay day will occur on the prior business day, and annuitant pay will occur on the next business day. The following list of pay days can help you plan your bill paying.
    www.military.com/benefits/military-pay/retired-military-pay-days.html
    www.military.com/benefits/military-pay/retired-military-pay-days.html
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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 should a military retiree be paid?The FY 2011 National Defense Authorization Act (NDAA) (P.L. 111-383) requires payments to a military retiree to be paid on the first day of each month beginning after the month in which the pay accrues. This means that when the first day of the month falls on a non-business day (weekend/holiday), the pay must be paid the preceding business day.
    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.
    When is military retiree pay day & annuitant pay day?Military retiree and annuitant pay day is always on the first business day of the month. If the first of the month is a Saturday, Sunday or holiday, retiree pay day will occur on the prior business day, and annuitant pay will occur on the next business day. The following list of pay days can help you plan your bill paying.
     
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