Washington D.C. (KELO AM) - The bipartisan budget agreement enacted late last year to avoid a government shutdown included a provision that would have slowed the rate of the annual Cost of Living Adjustment (COLA) increase for certain military pensions.
"This is an issue that I know has been on the minds of many South Dakotans," said Kristi Noem, Representative, South Dakota. "I helped the House pass a repeal of that reduction for current and former members of the military."
"This means that if you entered the military before January 2014, there will be no changes to your benefit plan," said Noem. "We were also able to keep this provision budget neutral by making a small, one-year reduction to entitlement spending."Permalink: http://noem.house.gov/index.cfm/2014/2/an-update-on-military-pensions