2026 COLA for Military Retirees and SBP Annuitants 

Based on the increase in the Consumer Price Index, there is a 2.8 percent Cost of Living Adjustment (COLA) for most retired pay and Survivor Benefit Plan (SBP) annuities effective December 1, 2025. Retirees will see the change in their December 31, 2025 payment and SBP annuitants in their January 2, 2026 payment.

For details, see the Fiscal Year 2026 COLA Memorandum: https://militarypay.defense.gov/Pay/Retirement/cola/