Adjustments made to accommodate new cost of living.
Last week, the U.S. Department of Defense announced that they would be giving a pay increase to veterans and survivors who participated in the Survivor Benefit Plan, effective January 1, 2022. The cost of living adjustment may be offset by the phased reduction in some cases for Dependency and Indemnity Compensation enacted in 2020.
“Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982,” the Defense Department stated. “Likewise, survivors of members who died on active or inactive duty, or survivors of military retirees who participated in the Survivor Benefit Plan will, in most cases, see a 5.9 percent increase to their annuities beginning in January.”
As the Lord Leads, Pray with Us…
- For veterans who need increased compensation due to the rise in the cost of living.
- That officials in the Department of Defense would seek God’s understanding in caring for those who have served the United States.
- For Secretaries Austin and McDonough as the needs of veterans are determined and considered.
Sources: Department of Defense
