Tuesday, December 18, 2012
Wounded Warriors
Wounded Warriors are members designated as combat wounded, ill, or injured. The Air Force uses the 9W-series Reporting Identifier (RI) to categorize Combat-Related Wounded Warriors.
Saturday, December 1, 2012
Retiree Cost of Living Adjustment for 2012
Based on the increase in the Consumer Price Index, there will be a 1.7 percent Cost of Living Adjustment (COLA) for retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2012. Most retirees will see the change in their Dec. 31, 2012 payment. Annuitants will receive it Jan. 3, 2013.
However, those who retired between January 1, 2012 and September 30, 2012 will receive a partial COLA based on the quarter they retired.
Retirees who received a Career Status Bonus (CSB) will receive a 0.7 percent increase. This is because they accepted a $30,000 career retention bonus when they reached 15 years of service and agreed to reduced retired pay and COLAs as a trade-off for the bonus.
CSB recipients who retired between January 1, 2012 and June 30, 2012 will receive a partial COLA based on the quarter they retired.
Original Article: http://www.dfas.mil/retiredmilitary/newsevents/newsletter/costoflivingadjustment.html
However, those who retired between January 1, 2012 and September 30, 2012 will receive a partial COLA based on the quarter they retired.
- January through March retirees will receive 1.7%
- April through June retirees will receive 1.0%
- July through September retirees will receive 0.2%.
Retirees who received a Career Status Bonus (CSB) will receive a 0.7 percent increase. This is because they accepted a $30,000 career retention bonus when they reached 15 years of service and agreed to reduced retired pay and COLAs as a trade-off for the bonus.
CSB recipients who retired between January 1, 2012 and June 30, 2012 will receive a partial COLA based on the quarter they retired.
- January through March retirees will receive 0.7%
- April through June retirees will receive 0.5%
The 1.7% COLA also applies to any Department of Veterans Affairs (VA) pay retirees may be receiving.
Page Updated November 29, 2012
Page Updated November 29, 2012
Original Article: http://www.dfas.mil/retiredmilitary/newsevents/newsletter/costoflivingadjustment.html
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