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Veterans, military retirees to see a 1.6% cost-of-living boost in benefits

from Military Times

Military retirees and veterans benefits recipients will see a 1.6% cost-of-living boost in their payouts starting in December, nearly half of the increase they received last year. Officials from the Social Security Administration announced the recent COLA boost, based on inflation and consumer spending calculations over the last few months. The increase will go into effect for about 69 million Social Security beneficiaries in coming months, most in January 2020. more

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