US troops stationed overseas face cuts to cost-of-living allowance amid soaring inflation
Over 230,000 troops receive the overseas allowance set to be cut
By Michael Lee Fox News
Published October 18, 2023 11:39am EDT
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Service members at some of the most expensive duty assignments are set to receive a cut in a monthly allowance designed to offset high costs of living.
The Defense Department will make a second round of cuts to troops' overseas cost-of-living allowances (OCOLA) next month, with the final cut coming on Nov. 15 and effecting members' Dec. 1 paychecks, according to a report from Military.com
The final cuts come after nearly a year of delay, with lawmakers passing a restriction into last year's National Defense Authorization Act that limited decreases in the allowance to once every six months. The Defense Department announced the first cut to the OCOLA rates in May, with the final cuts now set to come next month.
https://www.foxnews.com/us/us-troops-stationed-overseas-face-cuts-cost-living-allowance-soaring-inflation
