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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 history of the program's COLA is a tale of two halves. Between 1940 and 1975, adjustments were made on an arbitrary basis by special sessions of Congress. ... US Inflation Rate data by YCharts ...
Lower inflation rates overall were considered to have resulted in no COLA increases during these three years. Historical Overview of Cost-of-Living Adjustments 1975 - 1982
The United States Department of State ... (using 2012 and 2013 data), the State Department was the lowest performer, earning an "F" by scoring only 37 out of a ...
This wasn't just an arbitrary date I picked to calculate a long-term average. 1975 was the first year when Social Security COLAs were based on Consumer Price Index (CPI) inflation data.
The Bureau of Economic and Business Affairs (EB) is a bureau within the U.S. Department of State tasked with promoting economic security and prosperity at home and abroad. It reports to the Under Secretary of State for Economic Growth, Energy, and the Environment. The Bureau's work lies at the nexus of economic prosperity and national security.
Here's an example: The median retired-worker benefit is $1,673 per month in Mississippi, the lowest in the United States, so a 2.5% COLA would add about $41.80 to the monthly payout.
An Act of Congress first authorized an Under Secretary of State for Economic Affairs on August 1, 1946, for a 2-year period as the third-ranking officer in the department. The position was not renewed, however, and between 1947 and 1958 the ranking officer in the department handling foreign economic matters was either a Deputy Under Secretary ...