The military retirement cost-of-living adjustment (COLA) is an annual increase in military retirement pay. The COLA is designed to keep pace with inflation and ensure that military retirees can maintain their standard of living. The COLA is calculated based on the Consumer Price Index (CPI), which measures the change in prices for goods and services.
The military retirement COLA is an important benefit for military retirees. The COLA helps to ensure that military retirees can keep up with the rising cost of living and maintain their financial security. The COLA is also a way to recognize the service and sacrifice of military retirees.