VICENZA, Italy (Feb. 21, 2020) - The allowance designed to offset overseas prices are changing for the Vicenza and Camp Darby military communities beginning with March 15 paychecks.
The overseas Cost of Living Allowance, or COLA, is the non-taxable supplemental pay allowance designed to offset overseas prices of non-housing goods and services. It affects approximately 250,000 Service members at 600 locations overseas, including Alaska and Hawaii. Approximately $2 billion is paid in Overseas Cost of Living Allowances annually.
The amount of COLA a service member receives in his paycheck is based upon where they are stationed, their rank, years of service and the number of family members.
Soldiers can calculate their COLA on the defense travel website: https://www.defensetravel.dod.mil/site/colaCalc.cfm.
| Date Taken: | 02.21.2020 |
| Date Posted: | 02.21.2020 11:40 |
| Story ID: | 363609 |
| Location: | IT |
| Web Views: | 433 |
| Downloads: | 0 |
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