The final FY 2018 COLA, took effect Jan. 1, 2019, is 2.8 percent, matching MOAA's prediction.
For context, this means that for every $1,000 you currently receive in retired pay, you will receive $28 more starting Jan. 1, 2019. The calculation is made by comparing the average CPI from July through September of the current fiscal year to the average for the same months of the year prior. Remember, active duty pay raises are calculated differently.
Great news... On Wednesday, HB 213 "Equal Tax Treatment of Gov't Retirees," was filed in the NC House to address the unfair tax issue faced by our advocates (and many others) - taxation of government retirement benefits. The bill's primary sponsors are: Rep. George Cleveland (R-Onslow); Rep. Hugh Blackwell (R-Burke); Rep. Pat Hurley (R-Randolph); and, Rep. Michael Speciale (R-Craven).
Now is a great time to thank these legislators and remind them of the impact of their work, and we ask that you take a moment to send them an email which you can personalize. Be sure to add your contact info! (There will likely be additional sponsors added, but this email will target only the four primary sponsors.)
Primary Sponsor Email Addresses:
As one of our state's hundreds of thousands of local, state and federal government employees and retirees, as well as active-duty and retired members of the military, thank you for sponsoring HB 213, "Equal Tax Treatment of Gov't Retirees." The time has come to end the unfair taxation of hard-earned government retirement benefits, and your bill is a step in the right direction.
All those who serve in government and the military, regardless of when they retire, deserve the same treatment. Thank you for your service to our state, for standing up for these workers and retirees, and for honoring our service.
Enclosed is the list of current North Carolina Veterans Legislation proposed for the regular 2019-2020 session. Many of the items are funding bills that will take some getting used to as with all legislation it is a hodge-podge of proposed appropriations.
This week contains update on Public Health, Schools and the Governor's State of the State resolution.
Please read a well researched article concerning our Post 9/11 Vets. It is both illuminating and shocking at the same time. For those of us who served, prior to 9/11, can we directly map our experiences and desires to those of us who were born after 1984? Take time and read with an open mind, we think you will be surprised.