The army retirement cost-of-living adjustment (COLA) is an annual enhance in army retirement pay. The COLA is designed to maintain tempo with inflation and be sure that army retirees can preserve their lifestyle. The COLA is calculated based mostly on the Shopper Value Index (CPI), which measures the change in costs for items and companies.
The army retirement COLA is a vital profit for army retirees. The COLA helps to make sure that army retirees can sustain with the rising value of dwelling and preserve their monetary safety. The COLA can also be a method to acknowledge the service and sacrifice of army retirees.