Based on the increase in the Consumer Price Index, there will
be a 1.5 percent Cost of Living Adjustment (COLA) for retired pay and
Survivor Benefit Plan annuities effective Dec. 1, 2013. Most retirees
will see the change in their Dec. 31, 2013 payment. Annuitants will
receive it Jan. 2, 2014.
However, those who retired between
Jan. 1, 2013 and Sep. 30, 2013 will receive a partial COLA based on the
quarter they retired.
- January through March retirees will receive 1.5%
- April through June retirees will receive 0.9%
- July through September retirees will receive 0.4%
Those who retire on or after Oct. 1, 2013 will see no COLA this year.
who received a Career Status Bonus (CSB) will receive a 0.5 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 Jan. 1, 2013 and June 30, 2013 will receive a partial COLA based on the quarter they retired.
- January through March retirees will receive 0.5%
- April through June retirees will receive 0.4%
CSB recipients who retired on or after July 1, 2013 will see no COLA this year.
The 1.5% COLA also applies to any Department of Veterans Affairs (VA) pay retirees may be receiving.