U.S. Senate votes to reverse cuts to COLA

The United States Senate today voted to reverse cuts to the cost of living adjustments for military retirees.

According to a press release, the Senate voted 95 to 3 to restore those benefits.

Senator Mark Begich introduced a bill on Monday to repeal the COLA reduction that unanimously passed with a vote of 94 to 0.

Begich said he was a strong supporter of the Military and wanted to quote, "Fix the problem and keep our promise."

The COLA reduction will still apply to those who become members of the Military after January 1st 2014; medically retired service members and their surviving members are exempt from the cut entirely.

 Begich said, "We have 77 thousand veterans in Alaska and this is important to them to make sure they have their full COLA full retirement. We hope the house takes this up as quickly as possible so we can assure that veterans, it's clear to them that we have reinstated the COLA. Again, these veterans have already paid the price and there is no question in my mind that we had to make sure this was done and done fast."