...really add up.
I was filing a few papers today and ran across the the first account statement I received when I retired from the Navy in 1996. I compared it to the one I just received and was surprised to see that the gross amount had increased 45% since then. The gross amount is actually slightly higher than my base pay was at the time I retired.
I've said before that I expect COLAs for federal and military pensions (and for SS) to ultimately take some kind of hit in the deficit reduction drills, so maybe I can't look forward to this kind of growth in the future.
I was filing a few papers today and ran across the the first account statement I received when I retired from the Navy in 1996. I compared it to the one I just received and was surprised to see that the gross amount had increased 45% since then. The gross amount is actually slightly higher than my base pay was at the time I retired.
I've said before that I expect COLAs for federal and military pensions (and for SS) to ultimately take some kind of hit in the deficit reduction drills, so maybe I can't look forward to this kind of growth in the future.