NEWS RELEASE ISSUED DECEMBER 20, 2013 BY THE OFFICE OF CONGRESSWOMAN LYNN JENKINS (KAN.)
Congresswoman Jenkins Supports Restoring Military Retirement Benefits
WASHINGTON – This week Congress reached a rare, bipartisan budget agreement, which helps our nation reduce the deficit and spending over the long-term. However, this budget agreement, reduced the cost of living adjustment (COLA) by one percent for military retirees under age 62. Congresswoman Lynn Jenkins (KS-02) released the following statement about this provision:
“I voted for the bipartisan budget agreement because I wanted to avoid a government shutdown, prevent future furloughs, and reduce our long-term deficits without increasing taxes on hardworking American families. In the coming weeks, I will do everything I can to hold firm on the overall deficit reduction in the bill and on the provisions I support. However, I will work to reform the provisions I do not agree with, such as reducing military retirement benefits, and find additional savings in other sections of the federal budget.
“This week I cosponsored H.R. 3787, a bill that would restore the previous COLA increase for all military retirees, and also prohibit members of Congress who retire before the age of 62 from receiving a COLA increase before they hit retirement age.”
Please note: To ensure the cost-savings in the budget agreement are still enacted, H.R. 3787 instructs the Department of Defense and the Veterans Administration to pursue joint purchasing for prescriptions, which has an estimated savings of $7.3 billion over the next 10 years.
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