News

By Jim Garamone
American Forces Press Service

WASHINGTON, Jan. 28, 2014 - The Defense Department must slow the rate of growth in military pay and compensation or the organization will not be able to fight and win the nation's wars, Acting Deputy Defense Secretary Christine H. Fox said here today.

WASHINGTON (Dec. 4, 2013) – Veterans, their families and survivors receiving disability compensation and pension benefits from the Department of Veterans Affairs will receive a 1.5 percent cost-of-living increase in their monthly payments beginning Jan. 1, 2014.

“We’re pleased there will be another cost-of-living increase for Veterans, their families and their survivors,” said Secretary of Veterans Affairs Eric K. Shinseki. “The increase expresses in a tangible way our Nation’s gratitude for the sacrifices made by our service-disabled and wartime Veterans.”