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Based on the increase in the Consumer Price Index, there will be an 8.7 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities effective Dec. 1, 2022.
Retirees will see the change in their Dec. 30, 2022 payment and annuitants in their Jan. 3, 2023 payment.
For details, see the Fiscal Year 2023 COLA Memorandum: https://militarypay.defense.gov/Pay/Retirement/cola