28 Apr '14, 10am

NEWS: The Cost Of Living Allowance is scheduled to decrease for many service members in Germany

NEWS: The Cost Of Living Allowance is scheduled to decrease for many service members in Germany

WIESBADEN, Germany (April 23, 2014) -- The Cost Of Living Allowance is scheduled to decrease for many service members in Germany, starting May 16. The 2013 Retail Price Schedule found prices for recreation, child care, household help, telephone service, internet, furnishings, and supplies have increased in the U.S. and decreased in Germany, requiring COLA to be reduced in many locations. COLA is a supplemental pay intended to equalize purchasing power between service members in the U.S. and their overseas counterparts. The amount paid is determined by rank, years in service, number of dependents, and location since prices for goods and services vary depending on the area. Some service members in Germany could see their COLA reduced by more than $200 per month. As an example, a private first class with less than two years of service and three dependents could see the follow...

Full article: http://www.army.mil/article/124539/

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