Military retirees: You betrayed us, Congress

Military retirees: You betrayed us, Congress

By Jennifer Liberto  @CNNMoney December 12, 2013: 3:12 PM ET

 military vets
Retired military veterans are outraged that their pensions are being cut by the budget deal.
WASHINGTON (CNNMoney)

Military retirees are outraged that Congress will start voting Thursday on a budget deal that trims military pensions, calling the move “an egregious breach of faith.”

The Military Coalition, some 27 military groups, wrote to leaders in Congress and President Obama late Wednesday about their “strong objection” and “grave concern” over the budget deal.

The deal cuts pension cost of living raises by 1% for military retirees who aren’t disabled and not yet 62 years old. Cost of living hikes are automatic raises intended to keep up with inflation. Continue reading “Military retirees: You betrayed us, Congress”