MOUNT RAINIER CHAPTER LEGISLATIVE NEWS
February 2018 COLA Released
The February 2018 CPI is 242.988, 1.4 percent above the FY 2018 COLA baseline. The CPI for March, 2018 is scheduled to be released on April 11th, 2018.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers from around the country for a market basket of consumer goods and services. The market basket includes the prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' dentists' services, drugs, and other things people buy for day-to-day living. Prices are collected from about 50,000 housing units and approximately 23,000 retail establishments - department stores, supermarkets, hospitals, filling stations, and other types of stores. All taxes directly associated with the purchase and use of items are included the index. Prices of most goods and services are obtained by personal visits or telephone calls of the Bureau of Labor and Statistics' (BLS) trained representatives.
Collectively, the CPI is also used to adjust annuities for other federal retirees, survivors, and Social Security recipients.
Military Pay Tended to in 2019 DOD Budget
By Col. Mike Barron, USA (Ret) is the Director of Currently Serving and Retired Affairs for MOAA's Government Relations Department.
President Donald Trump's FY 2019 DoD budget request released Feb. 12 attempts to meet future strategy requirements and reflects the new view outlined in the new defense strategy that sees inter-state competition, not terrorism as the primary concern in future U.S. national security - with long-term strategic competition with Russia and China becoming the Pentagon's main focus.
Counterterrorism, long the dominant factor in DoD planning, is still important. However, investment in next generation weaponry to stay ahead of rivals is the prevailing theme throughout the new strategy.
The strategy, in particular, focuses resources on three main areas as detailed in the budget:
The strategy further highlights DoD's need to continue to put resources toward recruiting and retaining high quality personnel.
In terms of numbers, the FY 2019 request of $716 billion lifts the sequester cap and includes $617 billion in the base budget and $69 billion in Overseas Contingency (war) funding for a total of $686 billion, with an additional $30 billion for other programs.
The newly released budget also directly supports several of MOAAs stated goals and objectives for FY 2019:
The budget for FY2019 also puts resources toward sustaining family support initiatives by investing over $8 billion in family readiness and related programs.
Hearings before the key oversight committees in Congress by DoD senior leadership to discuss details in the budget are set to begin immediately on the hill and will continue through the House and Senate defense authorization and appropriation committee legislation mark ups in the late spring.
MOAA will continue to follow the request and provide updates in the coming weeks as more details and potential impacts on servicemembers, veterans, and their families becomes clearer.Veteran / Military Bills as of March 7, 2018
Check the WDVA Legislative Updates page for updated information throughout the week! The first day of the Regular 2018 Legislative Session was January 8, 2017 and the session will last 60 days. This is not an all inclusive list.