A $1.1 trillion omnibus spending bill, passed by the House of Representatives<\/a> on Wednesday this week, continues to punish the pockets of military retirees. I wrote earlier this month about the budget deal that hurt veterans by eliminating Cost of Living Adjustments<\/a> (COLA) from their pensions \u2013 resulting in thousands of dollars taken out of the pockets of retirees under the age of 62. The current legislation keeps the 1% decrease in COLA, which will be a huge blow to service members and commissioned officers.<\/p>\n According to a recent report, \u201cEnlisted service members could lose a minimum of $72,000 over a 20 year period of their retirement, while commissioned officers could face up to\u00a0$124,000 in lost compensation.\u201d<\/p>\n With a second chance to put money back in the pockets of those who have served our country, Congress has faltered once again. Eighty-two percent of veterans still face significant losses in their retirement pay, only (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A $1.1 trillion omnibus spending bill, passed by the House of Representatives on Wednesday this week, continues to punish the pockets of military retirees. I wrote earlier this month about the budget deal that hurt veterans by eliminating Cost of…<\/span><\/p>\n