Lower COLA For Retired Military and Disabled Veterans in 2024

The Department of Veterans Affairs announced a Cost of Living Adjustment or COLA increase of 3.2% for retirees and disabled veterans effective November 30, 2023, “for the payment of disability compensation and dependency and indemnity compensation,” according to the text of Public Law 118–6 by the 118th Congress. How Much is the 2024 COLA Increase?… Read more »

Two Overseas Cost of Living Allowance Decreases For Troops

The Department of Defense ordered two Overseas Cost of Living Allowance (COLA) decreases, the first starting mid-May 2023. A second decrease is planned for November 15, 2023. These Overseas COLA decreases were slowed by federal law to prevent negative financial consequences for those serving overseas, but the decreases are definitely happening now. What is COLA?… Read more »

military benefits

Military Allowances Guide

Get a comprehensive guide to military allowances. Understand the different types of allowances available to you.