US Troops Overseas Face, Cuts to Cost-of-Living Allowances.<br />Fox News reports that United States service members <br />are about to see another cut to their monthly allowances <br />designed to reflect the rising cost of living in the U.S.<br />In May, the Defense Department <br />announced the first OCOLA cut. .<br />According to the Defense Department, a second <br />round of cuts to overseas troops' cost-of-living <br />allowances (OCOLA) is on the way in November. .<br />According to the Defense Department, a second <br />round of cuts to overseas troops' cost-of-living <br />allowances (OCOLA) is on the way in November. .<br />Military.com reports that the November 15 <br />cut will impact service members' December 1 <br />paychecks ahead of the holiday season.<br />In 2022's National Defense Authorization Act, <br />lawmakers passed restrictions limiting decreases in <br />service members' allowances to once every six months.<br />In 2022's National Defense Authorization Act, <br />lawmakers passed restrictions limiting decreases in <br />service members' allowances to once every six months.<br />Fox News reports that more than , 230,000 troops , receive OCOLA allowances.<br />According to senior defense officials, a 4.6% <br />basic pay raise for troops will help to offset <br />the impact of reductions in OCOLA allowances.<br />Even [for] those locations where <br />OCOLA rates will start to decline, pay in <br />2023 is still higher than it was in 2022, Senior defense official, via Military.com.<br />Even [for] those locations where <br />OCOLA rates will start to decline, pay in <br />2023 is still higher than it was in 2022, Senior defense official, via Military.com.<br />So, most service members will <br />still have a higher take-home pay <br />even with OCOLA reductions <br />than what they had in 2022, Senior defense official, via Military.com
