Tidbits
LVMAC Tidbits
COLA Is Coming for 2012
For 2012, the Cost of Living Adjustment (COLA) increase will be 3.6% for most military retirees, for military survivor benefit plan and social security recipients, and for those drawing VA compensation (to include DIC) – a welcomed increase after two years without one. The President signed the last of the necessary legislation on 9 November — the Veterans’ Compensation Cost-of-Living Adjustment Act of 2011 (S. 894). This dispels a local rumor that spouses and children receiving dependency indemnity compensation (DIC) would be forgotten. (more…)