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Cost of Living Allowance (COLA) is an entitlement given to military servicemen and women United States military living in high-cost areas or stationed overseas. It is intended to compensate service members for the high cost of living at certain duty stations. COLA is also given to other US government employees living abroad, dependent upon agency.
The pay is for those who live in expensive locations.
The United States has maintained a military retirement program in one form or another since the mid-1800s. [1] The Blended Retirement System (BRS) is the current iteration of military retirement for the United States Armed Forces. The Blended Retirement System combines the defined-benefit retirement system known as "High-3" with an employer ...
But Defense personnel officials resisted, saying they would rather that money be used for other programs that benefit military families. After an 11-year string of increases that slightly exceeded average private sector annual raises, Army Deputy Chief of Staff for Personnel Lt. Gen. Thomas P. Bostick said that, "We actually think we have a ...
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The cost-of-living adjustment (COLA) increase in Social Security benefits this year will be small. The Social Security Administration (SSA) announced a 2.5% cost-of-living adjustment (COLA) for 2025.