US Troops Overseas Face Cuts to Cost-of-Living Allowances

US Troops Overseas Face, Cuts to Cost-of-Living Allowances.
Fox News reports that United States service members
are about to see another cut to their monthly allowances
designed to reflect the rising cost of living in the U.S.
In May, the Defense Department
announced the first OCOLA cut. .
According to the Defense Department, a second
round of cuts to overseas troops' cost-of-living
allowances (OCOLA) is on the way in November. .
According to the Defense Department, a second
round of cuts to overseas troops' cost-of-living
allowances (OCOLA) is on the way in November. .
Military.com reports that the November 15
cut will impact service members' December 1
paychecks ahead of the holiday season.
In 2022's National Defense Authorization Act,
lawmakers passed restrictions limiting decreases in
service members' allowances to once every six months.
In 2022's National Defense Authorization Act,
lawmakers passed restrictions limiting decreases in
service members' allowances to once every six months.
Fox News reports that more than , 230,000 troops , receive OCOLA allowances.
According to senior defense officials, a 4.6%
basic pay raise for troops will help to offset
the impact of reductions in OCOLA allowances.
Even [for] those locations where
OCOLA rates will start to decline, pay in
2023 is still higher than it was in 2022, Senior defense official, via Military.com.
Even [for] those locations where
OCOLA rates will start to decline, pay in
2023 is still higher than it was in 2022, Senior defense official, via Military.com.
So, most service members will
still have a higher take-home pay
even with OCOLA reductions
than what they had in 2022, Senior defense official, via Military.com