A provision in the recently passed Bipartisan Budget Act of 2013 (H. J. Res 59) penalizes current and future military members who have served our nation for over twenty years. Specifically, it cuts the annual Cost of Living Adjustment (COLA) for uniformed service retirees by 1 percentage point a year until age 62.
The cuts will have a devastating and long-lasting impact. By age 62, retirees who serve a 20 year career would lose nearly 20 percent of their retirement pay purchasing power. An E-7 retiring at age 40 today would experience a loss of $83,000 in purchasing power – an O-5 would lose $124,000.
Send your elected officials the message below asking them to repeal this provision that breaks faith with current and future military retirees, and threatens long term readiness and retention in the uniformed services.
Here are the elected officials that voted to break the promise: