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- 3.2%Military retirees and disabled veterans will see their monthly checks increase by 3.2% for 2024, thanks to the annual Cost of Living Adjustment (COLA) due to inflation. While 3.2% may look low compared to the 2022 (5.9%) and 2023 (8.7%) adjustments, it's still above the average of 2.6% for the prior 20 years.www.military.com/benefits/military-pay/allowances/cola-for-retired-pay.html
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Here's the 2024 Pay Raise for Vets and Military Retirees
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