"...Veteran service organizations are forming a united front against President Obama's debt-reduction plan that shrinks cost of living increases for retirees and disabled vets by linking them to the consumer price index..."There is a multiplier effect on retirees and disabled retirees from the military," said Mike Hayden, deputy director for government relations with the Military Officers Association of America.
He explained that an E-7 that retired after 20 years could lose about $100,000 if they lived to 85 in military retired pay with Chained CPI.
"If you're a [retired] lieutenant colonel, you can double that," Hayden said."
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