Not Very Much!
Posted by Warren Enos on 30 Sep 2009 | Tagged as: Gleamed from Chapter Newsletters
LOOKING AT LEGISLATIVE ISSUES FOR 2010
By LCDR Artie Meek, MSC USN (RET), Santa Cruz Chapter
What does Congress have in store for us in 2010? Rod Powers, who writes about military affairs in About.com, answered that rhetorical question by saying, “Not Very Much!”
For active duty personnel, the Obama administration recommended a 2.9% across-the-board increase in military basic pay. The Senate went one better, making the raise 3.4%. For the rest of us, however, military retirees, social security recipients, veterans, and federal employees, there is another story. There will be no cost of living increase this year.
The good news is there will be no decrease in our monetary benefits though we will start out October 1 this year with the base number about two percent in the negative territory. And if inflation does not increase astronomically, as it did in the summer of 2008, any cost-of-living increase this year, our contribution to Part B of Medicare by law can not be increased. continue reading