20/11/2023
Friends, we hate to be the bearer of bad news, but for your situational awareness.
The Department of Defense implemented the second phase of OCOLA decreases November 15, 2023. Service members in affected OCONUS locations will see the decreases in their December 1, 2023, paychecks.
Overseas Cost-of-Living Allowance is a non-taxable allowance designed to ensure service members assigned to a permanent duty station outside the United States maintain an equivalent level of purchasing power as their counterparts stationed in the U.S. OCOLA calculations are based on a comparison to prices in the U.S., as well as a myriad of factors to include rank, time in service, and number of dependents. If U.S. prices rise at a rate greater than overseas prices, OCOLA may decrease. Additionally, OCOLA may increase if overseas prices rise at a rate greater than U.S. prices.
Visit 👇 for the Overseas Cost-of-Living Allowance calculator.
https://www.travel.dod.mil/Allowances/Overseas-Cost-of-Living-Allowance/
U.S. European Command (EUCOM) U.S. Department of Defense (DoD) Installation Management Command Directorate-Europe 21st Theater Sustainment Command 7th Mission Support Command Medical Readiness Command, Europe 2d Theater Signal Brigade 56th Artillery Command U.S. Army Southern European Task Force, Africa V Corps