Subject: Congress Votes Military Retiree Pay Cut & 2014 Disability Benefits Rates

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Congress Votes Military Retiree Pay Cuts
2014 VA Service-Connected Disability Rates;  Army Tuition Benefits
Hello Friend,

We have some huge news for current service members and military retirees. The House of Representatives just passed the Bipartisan Budget Act which includes several cuts to military benefits, including two that could be a game changers for hundreds of thousands of military retirees and everyone on active duty.

If this bill is signed into law, it would reduce the annual Cost of Living Adjustment (COLA) raise by 1% each year, until retirees reach the age of 62. This could cost retirees up to 20% of their retirement pay over their lifetime. The bill would also give President Obama the power to decrease the 2014 military pay raise from 1.7% to 1.0%, which he has stated he would do.

Needless to say, this could have a massive negative impact on many.

Learn more about the military retirement pay cuts.

2014 VA Disability Compensation Rates Announced

Thankfully, Congress hasn't touched VA Service-connected disability pay. The new disability compensation rates for 2014 were recently announced by the VA. The COLA for 2014 was 1.7%, which is the same rate used for Social Security benefits, federal pension raises, and military retirement pay raises.

These new rates take effect Dec. 1, 2013, and you should see the first payment at the higher rate in your January disability compensation payment.

2014 VA Disability Payment Rates.

2014 Army Tuition Assistance Benefits

The US Army recently updated their Tuition Assistance benefits policy. There are a few big changes to the benefits, including who is eligible, and when. The new policy is designed to ensure Soldiers are up to date with their required training before they are eligible for TA benefits, reduces the number of semester hours of credit from 18 to 16, and limits certain post-bachelor level course to those with 10 years of service if the Soldier used TA benefits to achieve their bachelors degree.

2014 Army Tuition Assistance Benefits.

Thank you for subscribing, and more importantly, Thank you for your service!

Regards,

Ryan Guina
The Military Wallet


Dec. 17, 2013
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