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Lawmakers may revamp military retired pay

from USA Today

Two cuts in military retired pay are under discussion as part of negotiations between Congress and the White House over the size of the U.S. national debt, but getting an agreement is proving difficult. One cut is small, involving how annual cost-of-living adjustments are calculated. It could apply to military and federal civilian retirees, disabled veterans and survivors. The net effect would be annual adjustments that average one-quarter of a percentage point below what they would be with the current formula. more


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