COLA TREND UPWARD MAY 2011

Accord­ing to the Mil­i­tary Offi­cers Asso­ci­a­tion of Amer­ica, the national infla­tion rate con­tin­ued trend­ing upward in May. This makes it nine straight months that the Con­sumer Price Index has ticked upward. This is impor­tant for mil­i­tary retirees, and those draw­ing VA ben­e­fits and Social Secu­rity, because the CPI is the indi­ca­tor used to deter­mine the annual cost-of-living-adjustment (COLA) and adjust­ments to VA Dis­abil­ity and Com­pen­sa­tion,Vets Pen­sion, and other VA rates for the fol­low­ing year.

Read more: http://militaryadvantage.military.com/2011/06/retiree-cola-watch-june-update/#ixzz1QDmUEm8V
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