Background: Congress passed a budget deal that includes a provision that penalizes working age military retirees younger than 62 by cutting a full one percent from future cost of living adjustments (COLA). VFW calculates that a Gunnery Sergeant or Sergeant First Class (E-7) with 20 years of service would lose more than $70,000 in income by age 62. This also unfairly punishes those who have been medically retired as a result of their wounds defending our nation. This is totally unacceptable and will have a devastating impact on retirement benefits for retirees and survivors and jeopardizes the future value of military career benefits, while also adversely affecting recruitment, retention and our national security.
The VFW is now working with members of both the House and Senate to find a bipartisan solution that will replace this unacceptable provision. We are urging all of our members and advocates to contact their legislators and demand they find a solution tht doesn't balance the budget on the backs of our military retirees.
Action Needed: Call, email and schedule appointments with your legislators today. Tell them this should be the first priority when they return to Washington after the New Year, and that the solution cannot penalize veterans, military retirees, or jeopardize the future value of military career benefits. Asking those who have given the most to shoulder the burden of reducing government spending is unacceptable.