2024 Cost of Living Adjustment (COLA) 

Based on the increase in the Consumer Price Index, there is a 3.2 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan annuities, effective December 1, 2023. 

Retirees will see the change in their December 31, 2023 payment and annuitants in their January 2, 2024 payment.

For details, see the Fiscal Year 2024 COLA Memorandum: https://militarypay.defense.gov/Pay/Retirement/cola