GOP lawmakers and military groups have lined up against the bipartisan budget deal making its way through Congress because of a provision that would trim pay for young military retirees.
In a joint statement last week, Sens. Kelly Ayotte (R-N.H.), Lindsey Graham (R-S.C.) and Roger Wicker (R-Miss.) said they cannot support the legislation because it “disproportionately and unfairly targets those who have put their lives on the line to defend our country.”
The budget agreement, crafted by Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.), would reduce cost-of-living adjustments for working-age military retirees by 1 percent starting in December 2015, although the existing rate would apply again once former service members reach age 62. Continue reading “Cuts for military retirees costing GOP support for budget deal”
By Jennifer Liberto @CNNMoney December 12, 2013: 3:12 PM ET
Retired military veterans are outraged that their pensions are being cut by the budget deal.
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”
Thursday – 10/10/2013, 5:57am EDT
Any discussion of cuts to federal employee, retiree and veterans benefits out of the conversations to reopen the government, increase the debt ceiling or reduce the deficit should stop before they start, according to a variety of groups representing these constituents.
The National Active and Retired Federal Employees Association, the Military Officers Association of America, the American Foreign Service Association and others say White House and Congressional leaders need to come with better options than moving to the chained Consumer Price Index (CPI) formula to determine future cost of living adjustments (COLA).
The White House and congressional leaders have floated the idea of using the chained CPI formula instead of the CPI-W approach, which has been in use since 1996.
The groups representing current and retired federal employees, veterans and others believe this formula would hurt seniors or people with disabilities at a time they can least afford a reduction in payments. Continue reading “Fed groups get in front of COLA calculation debate”