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ISSUE: Reduction in pay increases for veterans
OUR VIEW: Efforts under way to restore benefits
Even if cuts to cost-of-living increases for some military veterans are repealed, the damage already is done, and we’re not talking about money.
The Bipartisan Budget Act of 2013 that Congress approved and the president signed included a 1 percent “cut” to future cost of living adjustments to retirement pay for military veterans’ younger than 62.
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