DOD Updates Overseas Cost-of-Living Allowance Adjustment Process
May 03, 2023
May 03, 2023
WASHINGTON, May 3 -- The U.S. Department of Defense issued the following news release:
The Overseas Cost-of-Living Allowance (OCOLA) is an allowance that ensures our Service members who are assigned to a permanent duty station outside the contiguous U.S. (OCONUS) (i.e., foreign countries, U.S. territories, Alaska, and Hawaii) maintain the same level of purchasing power as Service members stationed in CONUS locations -- not less purchasing power, but not more either.
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The Overseas Cost-of-Living Allowance (OCOLA) is an allowance that ensures our Service members who are assigned to a permanent duty station outside the contiguous U.S. (OCONUS) (i.e., foreign countries, U.S. territories, Alaska, and Hawaii) maintain the same level of purchasing power as Service members stationed in CONUS locations -- not less purchasing power, but not more either.
Th . . .