Congress Clears Bill Ending Military Pension Cuts - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Congress Clears Bill Ending Military Pension Cuts

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Congress has sent President Barack Obama legislation restoring full cost-of-living pension increases for younger military retirees, a capitulation to veterans groups that opposed a modest cut when it was enacted late last year.
 
The 95-3 Senate vote came one day after the House approved the bill, 326-90.
 
That completed a swift retreat for lawmakers after veterans groups and their allies argued strenuously that a change Congress approved in December broke a bargain with the men and women who fight the nation's wars.
 
The bill also underscored the difficulty that lawmakers face when they try to restrain the growth of benefit programs.
 
The measure in December called for holding cost-of-living increases for veterans under age 62 to 1 percentage point below inflation. 
 
Obama is expected to sign the bill.  (AP)

Nevada Senator Harry Reid released the following statement on the passage of the Retired Pay and Restoration Act, a bill to restore the cut to the Cost of Living Allowance for military retirees:

"Today I have welcome news for Nevada's veterans: the Senate has restored earned retirement pay and this bill is now heading to the President's desk for his signature. I heard from Nevada's veterans and dozens of major veterans' organizations in support of this legislation and I am pleased that Republicans and Democrats could come together on this compromise."

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