Military retired pay is a monthly payment made to members of the uniformed services who have served 20 or more years and have retired from active duty. The amount of retired pay is based on the member’s rank, years of service, and pay grade at the time of retirement.
In 2023, the military retired pay raise was 1.3%. This increase was in line with the cost-of-living adjustment (COLA) for Social Security recipients.
The military retirement cost-of-living adjustment (COLA) for 2025 is a crucial measure that ensures the purchasing power of retired military members keeps pace with inflation. This annual adjustment is based on the Consumer Price Index (CPI) and is designed to help retirees maintain their quality of life despite rising living costs.
The COLA is a vital benefit for military retirees, as it helps them preserve the value of their retirement income. Without COLA adjustments, retirees would face a gradual erosion of their purchasing power over time, making it increasingly difficult to afford basic necessities. The 2025 COLA is particularly important given the current inflationary environment, which has seen the cost of living rise at a faster pace than in recent years.
The term “2025 military retirement pay increase” refers to the scheduled adjustment to retirement pay for members of the U.S. military who retire in or after 2025. This increase is designed to keep pace with inflation and ensure that military retirees maintain a reasonable standard of living.
The increase is based on the Consumer Price Index (CPI), which measures the average change in prices for goods and services purchased by consumers. The CPI is calculated by the Bureau of Labor Statistics and is used to adjust a variety of government programs, including military retirement pay.
Russian President Vladimir Putin has announced plans to increase military spending to $142 billion by 2025. This represents a significant increase from the current budget of $61.7 billion. The move comes amid heightened tensions with the West and concerns about NATO expansion.
The increased spending will be used to modernize Russia’s military, including the development of new weapons systems and the purchase of advanced equipment. Putin said that the spending is necessary to ensure Russia’s security and to maintain its status as a global power.
