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Old 12-13-2013, 07:17 AM
 
Location: Hard aground in the Sonoran Desert
4,549 posts, read 8,001,354 times
Reputation: 6273

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If you have not heard, the proposed budget that was passed by the House and is to be voted on by the Senate today reduces Military Retiree COLA by 1% every year for those under 62 years old. This is a huge decrease in the value of a military pension and would equate to over 20% loss of value to current pension if one retired at age 40 and that doesn't include compounding.

Please contact your Representative and Senators TODAY to state your opposition to this part of the budget deal. I've included a link to the Military Officers Association of America (MOAA) and you don't have to be a member to use their easy pre-drafted form. Put in your information and it will email the pre-drafted letter to your congressmen and women. Takes less than a minute.

You don't have to be a military veteran to send the letter, appreciate any support on this issue.

Legislative Action Center

Reject Military Retirement COLA Cuts
The proposed Bipartisan Budget Act of 2013 aims to provide budget stability and help ease the harmful effects of sequestration on the defense budget. However, one provision within the bill would penalize current and future military members who have served our nation for over twenty years. Specifically, it cuts the annual Cost of Living Adjustment (COLA) for uniformed service retirees by 1 percent a year until age 62.

The cuts will have a devastating and long-lasting impact. By age 62, retirees who serve a 20 year career would lose nearly 20 percent of their retired pay. An E-7 retiring at age 40 today would experience a loss of $83,000 in purchasing power - an O-5 would lose $124,000.

Send your elected officials the message below asking them to reject this provision that breaks faith with current and future military retirees, and threatens long term readiness and retention in the uniformed services.

Last edited by LBTRS; 12-13-2013 at 07:30 AM..
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Old 12-13-2013, 09:15 AM
 
Location: Fayetteville, NC
437 posts, read 575,371 times
Reputation: 644
Done.
Thanks for posting the link.
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Old 12-14-2013, 10:17 AM
 
Location: Forests of Maine
29,722 posts, read 47,472,880 times
Reputation: 17560
Done,

Thanks
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Old 12-16-2013, 09:25 PM
 
Location: Angeles City, Philippines
299 posts, read 1,013,987 times
Reputation: 163
Done!

Joe

Angeles City
Philippines
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