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Bill to restore COLA for military retirees clears Senate hurdle

from Military Times

The Senate recently cleared a key procedural hurdle on a bill that would undo the cuts to military retirement pay introduced by the Bipartisan Budget Act. Senators voted unanimously, 94-0, to advance the bill, which, if passed in a final vote this week, would repeal a section of the Ryan-Murray budget deal that reduces annual cost-of-living adjustment increases by 1 percentage point for "working age" retirees, starting in late 2015. more

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