Updating Stateside COLA Rates
COLA rates for the Continental United States are updated once a year, and changes go into effect January 1 of each year. At that time, an area's COLA may increase or even decrease, based on the changes in the cost of living in the area.
Read more about this topic: Cost Of Living Allowance (U.S. Military)
Famous quotes containing the word rates:
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (18721933)