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2024 Cost of Living Adjustment (COLA) for Military Retirees and Survivor Benefit Plan (SBP) Annuitants

Defense Finance and Accounting Service – DFAS 

2024 Cost of Living Adjustment (COLA) for Military Retirees and Survivor Benefit Plan (SBP) Annuitants

Based on the increase in the Consumer Price Index, there will be a 3.2 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2023.

Retirees will see the change in their Dec. 31, 2023 payment and SBP annuitants in their Jan. 2, 2024 payment.

For details, see the Fiscal Year 2024 COLA Memorandum:

https://militarypay.defense.gov/Pay/Retirement/cola/

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Sgt Michael R. Hilbert, USMC, Vietnam Veterans of America Chapter PI 887 is a veterans service organization located in Angeles City, Philippines.

The motto of the Vietnam Veterans of America (VVA) is “Never again will one generation of veterans abandon another“. The VVA is a congressionally chartered national organization that serves Vietnam-era veterans and their families. The organization was founded in Washington, D.C. in January 1978 by 15 Vietnam veteran advocates. The VVA has been a leader in advocating for the U.S. government to fulfill its obligations to veterans.

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