Veterans & Social Security receivers get screwed for Cost Of Living increase for 2010

(MILITARY TIMES)   Military retirees, disabled veterans and others receiving inflation-adjusted federal benefits should not expect to see any increase this year, according to a new Congressional Budget Office estimate.

The projection that there will be no Dec. 1 cost-of-living adjustment in federal benefits came from the nonpartisan CBO in a June 2 statement, publicly released late June 3, that no increase is expected late this year in payments under Social Security, which is the basis for annual increases in military and federal civilian retirement pay, veterans’ disability compensation and survivor benefits.

“Based on its current economic forecast, CBO does not anticipate a cost-of-living increase in 2010 for Social Security,” the CBO said.

Social Security, military and federal civilian retirement and some other federal benefits automatically increase each Dec. 1 based on the Consumer Price Index, a measurement of the cost of goods and services maintained by the Labor Department’s Bureau of Labor Statistics.

Largely due to falling energy and transportation expenses, the CPI shows consumer prices are lower today than one year ago. The May 15 report shows costs today are 0.7 percent lower now than one year ago.

A continued drop in the CPI, which is what the nonpartisan CBO forecasts, would not result in any cuts in federal benefits.

Rather, government retirees, Social Security recipients and disabled veterans who are used to having their annual Dec. 1 increase first appear in January paychecks would see no change in benefits because there is no procedure under law for cutting retirement pay and government annuities when consumer prices decline.

http://militarytimes.com/news/2009/06/military_nocola_retirees_060409w/

7 Responses to Veterans & Social Security receivers get screwed for Cost Of Living increase for 2010

  • VETS GET NO COLA BUT THOSE IDIOTS IN CONGRESS & DRONES IN THE GOVT DO NOTHING JOBS GET GENEROUS INCREASES EVERY YEAR IT REALLY SUCKS AS THEY ARE THE MOST INCOMPETANT & INEXPERIENCED GANG TO EVER B IN WASHINGTON 🙁 SAD DAY FOR THE USA

  • IT IS REDICULASE FOR CONGRESS TO GIVE THEMSELVES A RAISE AND OTHERS BUT S S AND VETS GET SCREWED. REACH OUT MEN AND FIGHT FOR THIS WE HAVE THE RIGHT AND DESERVE IT. HANK

  • With all these government officials in Washington getting these raises and locked in pensions with out paying into ssi. plus the 24 million given out for bougus bonus in VA ADMINISTRATION Whats wrong hear why dont they take some cuts ?For the men who served and still serving,died,there familys children,family and friends. This is a said day when our congress lives better life than the people who put them there and the men who fight and die to give us all this freedom what a SHAME

  • fellows,
    let us turn this around and ask for 10 percent compensation increase. Do not allow this idiots to get in our way. When we served, they were not there with us. It is just bologna that we are not getting anything this year. Help me out with your voice to ask a 10% increase for year 2010. God bless us all and good luck to all of us.
    respectfully,
    aka Chief Quitoriano, US Navy Retired.aka Chief Q

  • I agree Chief, its bullshit. Its ok to use us and abuse us but forget about compensating us

  • POPEYE,
    You hit it right on the head, BUT there is something else that really sticks in my throat! These jerks in public office should be forced to accept Social Security just like all the rest of us serfs have to too retire on. They should be stripped of their exclusive special health care program designed just for them, not the common man!! Moreover, every Congressman and Senator should have scramble to get affordable health care out here on what’s left of our econemy just like the rest of us. IN ADDITION I WANT TO SAY THAT MOST OF THESE BUTT HEADS ONLY HAVE TO SERVE ONLY ONE TERM IN OFFICE TO BE ELIGELABLE FOR THIS OUT RAGIOUS RETIREMENT PLAN AND HEALTH CARE THAT THE REST OF US CAN’T HAVE. WHAT IS UP WITH THAT? I served in Vietnam From November 1967 untill June of 1969. I earned the right to live a peaceful and happy life without worring weither or not I can survive. I don’t know when people are going to wake up and realise that no matter what a politician tells you, from either party, While campagining, that when he or she takes office all bets are off!!!! What really drives me nuts is when these dopes are asked a valid question the way they have been rehersed on what to say just so they can hear themselves talk, no matter that they never answer a question directly! I’m so pis— off at the government I can’t find the words to really express how I feel.

  • what a bunch of morons we have to deal with this kind of administration. President Obama, your word is your face, make it happen, we plead. I you cannot fulfill your promise, what makes you a better president over our hero John McCain. help us, and I do not need to beg do I. It would be nice if this message hits you. thanks

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