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:
“[The] elderly and timid single gentleman in Paris ... never drove down the Champs Elysees without expecting an accident, and commonly witnessing one; or found himself in the neighborhood of an official without calculating the chances of a bomb. So long as the rates of progress held good, these bombs would double in force and number every ten years.”
—Henry Brooks Adams (1838–1918)