The 2016 cost of living adjustment (COLA) for federal benefits will be zero for 2016. This is because the index used to determine military retirement, Department of Veterans Affairs (VA) disability payments, and social security shows that there has been no inflation since last September. The dramatic decrease in the cost of gasoline has cancelled out all the other price increases, leaving a net negative Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This is the third time of no increase since increases were made automatic in 1975. For more details, see this Paycheck Chronicles post.
No Cost of Living Adjustment for 2016
Current issue of the Military Report
- VA Won't Ramp Up Security After Rash of Suicides on Premises. Here's Why.
- Military Exchanges Tune Out TV News Due to 'Divisive Political Nature'
- Lawmaker Renews Push to Get Vietnam-Era Airman Medal of Honor
- VA Looks to Create Artificial Organs, Even Bones, With 3D Printing
- Is SGLI Enough? $100k Coverage from Just $7 a Month
- The Coast Guard Is Giving Away 4 Historic Florida Keys Lighthouses
- Army Launches Registry for Troops, Families with Housing-Related Health Issues
- Join City National Bank and Let Your Military Experience Shine
- Airmen Face Challenges Buying New OCP Uniforms
- Rates Are Rising: Use Your $0 Down VA Loan Benefit Now
- Shanahan Launches New Task Force on Military Sexual Assault
- Eliminate Out of Pocket Costs with a Tricare Supplement
- Commissary's Spring Sidewalk Program Offers Savings
- Incentives Aim to Reduce Pilot Attrition
- Damaged USS Fitzgerald Leaves Dry Dock After 15 Months of Repairs
- Dolphins from the USS Thresher Passed On
- Army May Add More Security Measures to Online Systems
- Oldest Military Units Conduct Joint Muster
- Soldiers Save 4 After Plane Crash
- Soldiers in South Korea Awarded for Fighting Fire
- Marine Diversity Office Changes Name