The budget deal cuts the military retirement pension COLA to 1% below the inflation rate for those below the age of 62. This is an inexcusable breach of contract with the military men and women who have served this country honorable. Military retirees have risked their lives, sacrificed normal family life, and given their prime earning years to defend this nation. Not only will the retired military person loose 1% pay per year but they will have to pay more out of pocket to Tricare, as it can raise its prices to the inflation rate. The primary motivators for military members to spend an entire career in the military is the promise of a retirement benefit that cannot be made worthless by Congress and the President.
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