Military retirees, those who receive disability or other benefits from theDepartment of Veterans Affairs, federal retirees, and social security recipients will see a 2.8 percent pay raise in their monthly checks in 2019.
It is the biggest Cost Of Living Allowance (COLA) increase in seven years, equaling as much as $369 a month for those at the top of the retirement paycharts.
Each year military retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation.
Retirement Pay Increase
Thanks to the increase, the average military retirement check for an E-7 with 20 years of service will go up by $67 a month, while an O-5 with the same time in uniform will see a $126 monthly increase.
Retirees who entered military service on or after Aug. 1, 1986 and opted in for the Career Status Bonus (CSB/Redux retirement plan), have any COLA increases reduced by 1 percent, so they will see a 2019 increase of 1.8 percent or $42 monthly for an E-7 with 20 years of service, or $81 each month for an O-5 with 20 years of service.