MILITARY

The Department of Defense announced in November the annual cost of living adjustments that will benefit military retirees and survivors during calendar year 2020. Most military retirees will receive a 1.6 percent increase to their retired pay beginning with the pay they receive on Jan. 1, 2020. Likewise, survivors of members who died on active or inactive duty, or survivors of military retirees who participated in the Survivor Benefit Plan will, in most cases, see a 1.6 percent increase to their annuities beginning in January.

Survivors who are eligible for the Special Survivor Indemnity Allowance (SSIA) will also receive an increase to their SSIA payments that reflects this 1.6 percent adjustment. The maximum amount of SSIA payable will be $323 beginning in January.

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