This is coolbert:
COLA = Cost Of Living Adjustment.
An update and clarification regarding that contentious subject, veterans benefits and proposed "cuts".
"Disabled Veterans to Be Exempted From Pension Cuts"
Those veterans DISABLED FROM MILITARY SERVICE the COLA to remain intact as is.
For RETIRED VETERANS BUT NOT DISABLED THAT COLA TO BE DECREASED.
"A massive spending bill taking shape on Capitol Hill is likely to repeal a recently enacted pension cut for disabled veterans."
"Capitol Hill aides said Wednesday that the $1 trillion-plus omnibus spending bill measure will reverse a 1 percentage point cut to annual cost-of-living increases that was inadvertently applied to more than 63,000 veterans who have left the military due to injury or disability."
"But the controversial pension cut included in last month's budget agreement would continue to apply to other military retirees. It would save about $6 billion over the coming decade, money that's being used to ease cuts to the Pentagon budget this year."
That "cut" properly understood as A LESSENING OF PENSION INCREASE AND NOT A REDUCTION OF PENSION PERIOD!
ALL SPENDING BILLS ORIGINATING FROM CONGRESS ARE "MASSIVE"!
That COLA too as with Social Security based on an equation ORIGINALLY WRITTEN IN 1950? That equation no longer valid, a more correct equation having been proposed to determine the yearly COLA but that equation ALWAYS resulting in a smaller amount of INCREASE as given to the recipient.
Also understand that a DISABLED veteran cannot be expected to fairly support himself with civilian employment. A retired but NOT DISABLED veteran can be expected to enter the civilian sector and be employed gainfully for at least twenty years subsequent.
The compromise verdict and decision is a GO!
At least for now.