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Vets, retirees will see a 0.3 percent COLA hike in 2017 | MilitaryTimes

Vets, retirees will see a 0.3 percent COLA hike in 2017 | MilitaryTimes

Military retirees and individuals receiving veterans benefits will see only a 0.3 percent cost-of-living increase in their federal benefits next year, a nominal increase matching 2016’s hike.

On Tuesday, officials from the Social Security Administration announced the small raise, the third consecutive year the benefits adjustment will be under 0.5 percent. Since 2009, the cost-of-living hike has been more than 2 percent only once, when it reached 3.6 percent in 2011.

Source: Vets, retirees will see a 0.3 percent COLA hike in 2017