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:
“Families suffered badly under industrialization, but they survived, and the lives of men, women, and children improved. Children, once marginal and exploited figures, have moved to a position of greater protection and respect,... The historic decline in the overall death rates for children is an astonishing social fact, notwithstanding the disgraceful infant mortality figures for the poor and minorities. Like the decline in death from childbirth for women, this is a stunning achievement.”
—Joseph Featherstone (20th century)