What this means to the future of retirement saving.
February 11, 2014
Contact: Chandler Smith 202-224-6244
Heller Continues Fight to Restore Benefits for Military Retirees
Offers paid-for amendment to restore the full COLA for military retirees
(Washington, D.C.) - Today, U.S. Senator Dean Heller (R-NV) filed an amendment to S.1963, the Military Pension COLA bill. Unlike S.1963, Heller's amendment would fully pay for the repeal of recent cuts in the military retiree cost-of-living adjustment (COLA) included in December's budget agreement.
"Nearly three months ago, Congress broke promises made to our nation's veterans -- the very men and women who put themselves in harm's way to protect the freedoms we enjoy every day. Congress, whose job it is to ensure benefits our veterans have earned, have actually compromised them, leaving veterans and their families to deal with uncertain budgets," Senator Dean Heller. "This amendment will enable Congress to restore these unfair cuts without adding to our national debt, an idea that could garner support from both sides of the aisle."
*In January, Senator Heller and seven of his Republican Senators introduced legislation (S. 1931) to fully pay for an extension of unemployment insurance benefits for three months. The bill also would have repealed the cuts in the military retiree COLA included in December's budget agreement.
*Senator Heller introduced an amendment to The Unemployment Insurance Extension Act (S. 1845) that included a provision to repeal the unfair COLA reduction for military retirees that was included in the recent budget agreement.
*In December, Senator Heller voted against the Bipartisan Budget Act of 2013, introduced by Senator Patty Murray (D-WA) and Congressman Paul Ryan (R-WI). The bill unfairly singled out military retirees and their families by making cuts to their hard-earned retirement benefits.
*Senator Heller cosponsored the Veterans' Compensation Cost-of-Living Adjustment Act of 2013 (PL-113-52). The law provides for an increase in the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans.