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  2. Cost of Living Allowance (U.S. Military) - Wikipedia

    en.wikipedia.org/wiki/Cost_of_Living_Allowance...

    The fundamental goal of COLA is to compensate service members for the high cost of living at certain duty stations. COLA rates are based on a service member's pay grade, years of service, and number of dependents. An area is considered high cost if the cost of living for that area exceeds 108% of that national average of non-housing costs.

  3. 2021 CONUS COLA Rates Announced

    www.aol.com/news/2021-conus-cola-rates-announced...

    The pay is for those who live in expensive locations.

  4. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    The United States has maintained a military retirement program in one form or another since the mid-1800s. [1] The Blended Retirement System (BRS) is the current iteration of military retirement for the United States Armed Forces. The Blended Retirement System combines the defined-benefit retirement system known as "High-3" with an employer ...

  5. United States military pay - Wikipedia

    en.wikipedia.org/wiki/United_States_military_pay

    The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.

  6. Here's How Much Extra Pay Military Retirees Are Likely ... - AOL

    www.aol.com/news/heres-much-extra-pay-military...

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  7. How retirement savings will change in 2025 [Video] - AOL

    www.aol.com/finance/retirement-savings-change...

    The cost-of-living adjustment (COLA) increase in Social Security benefits this year will be small. The Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for 2025.

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