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House votes to restore military pension increases
The house voted in favor of a bill restoring pension increases to hundreds of thousands of military retirees today.
Legislators voted three hundred and 26 to ninety to undo cuts to cost of living hikes for military pensions.
These cuts apply to all current retirees and anyone enlisted before January First.
The senate is expect to vote on the matter tomorrow.
The vote comes after a December deal to fund the federal government which led congress to trim cost-of-living raises for military retirees, starting in 2015.
The move was expected to save the government more than six-billion dollars but it meant about 750 thousand retirees would have a smaller pension.
A Congressional Research Service Report released this month says enlisted members would lose an average of 69 thousand dollars over their lifetime with the planned cuts.