Senate Votes to Restore Military Retirement Pay Cuts

"...The Senate voted 95-3 on Wednesday to repeal cuts that would have reduced military retirement pay by tens of thousands of dollars for enlisted and officers alike. The House passed the same bill Tuesday by a vote of 326-90.

The legislation will now go to President Barack Obama.

The 1 percent reduction in the annual cost-of-living adjustment for current working-age military retirees, scheduled to go into effect in January 2016, was part of a bipartisan budget deal in December intended to reduce the federal budget deficit and partially restore some of the automatic budget cuts that were imposed on the Pentagon and other government agencies under sequestration..."

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