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  • COLA for Retired Pay

    Vietnam veterans Robert Rivers and Daniel Brown

    Each year your military retirement pay is adjusted to meet the increased cost of living. This Cost of Living Adjustment varies from year to year based on the rise and fall of the Consumer Price Index (CPI). Cost-of-Living Adjustment Explained Each year Military Retirement pay, Survivor Benefit Plan Annuities, VA Compensation and Pensions, and Social Security benefits are adjusted for the rate of inflation. This annual Cost of Living Adjustme... more

  • Questions About Pay

    Red question mark

    Military Pay Agency Addresses Have a general question about active duty or retired pay rates? Check with the relevant agencies listed below. Be aware that if you call the toll-free telephone numbers, you may have long waits. Army, Navy, Air Force and Marine Corps: Defense Finance and Accounting Service Cleveland Center/ROCAD P.O. Box 99191 Cleveland, OH 44199-2058 Telephone numbers (toll free): 888-DFAS411 (888-332-7411) 800-321-10... more

  • Retired Pay Allotments

    Businessman drops coin in pink piggy bank.

    Retired servicemembers are permitted to continue allotments that they had in effect while on active duty except for Combined Federal Campaign pledges, Delta Dental Insurance, SGLI, and deposits in the Veteran's Educational Assistance Program (VEAP). Military retirees are authorized a maximum of six (6) discretionary allotments. Examples of discretionary allotments included insurance premiums for health, auto, or life insurance; voluntary ... more

  • Military Retired Pay Overview

    There are many financial considerations when planning for retirement

    The military (active duty) retirement system is arguably the best retirement deal around. Unlike most retirement plans, the Armed Forces offer a pension (technically a "reduced compensation for reduced services.") with benefits, that start the day you retire, no matter how old you are. That means you could start collecting a regular retirement pension as early as 37 years old. What's more, that pension check can grow with a cost of living adju... more

  • Retired Pay Tax Withholding

    In this April 13, 2014, file photo, the Internal Revenue Service Headquarters (IRS) building is seen in Washington. J. David Ake/AP

    All non-disability retired pay is subject to withholding of federal income taxes. The amount withheld is dependent upon the taxpayer's amount of wages and the number of exemptions claimed. The amount withheld is an approximation of the ultimate tax liability. All taxes withheld are forwarded by the respective service to the IRS Center, and the taxpayer claims the amount withheld from his or her retired pay as a credit against his or her final... more

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