Most Retirees to Get Benefit Increase

Social Security payment recipients and most military retired members will receive a 3.3 percent Cost-of-Living Adjustment (COLA) starting in January, 2007. The same COLA will also be seen by Survivor Benefit Plan annuitants and those getting Veterans Disability Compensation and Dependency Indemnity Compensation. The COLA will not be the same for all military retired members. Servicemembers who retired during calendar year 2006 will receive a somewhat smaller, partial COLA for this year only.

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