Congress began formal discussions about repealing the cuts to military retirees’ pensions that were passed in December as part of the Bipartisan Budget Agreement (BBA)--and, for now, repealing the Cost of Living Adjustment decrease would not involve making cuts elsewhere in the Defense Department budget. When the BBA was passed, it included some sequestration relief for DoD and civilian agencies in exchange for a variety of future savings, including $12 billion in savings from a COLA cut of 1 percent…
