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The fundamental goal of COLA is to compensate service members for the high cost of living at certain duty stations. COLA rates are based on a service member's pay grade, years of service, and number of dependents. An area is considered high cost if the cost of living for that area exceeds 108% of that national average of non-housing costs.
United States military pay is money paid to members of the United States Armed Forces. The amount of pay varies according to the member's rank, time in the military, location duty assignment, and by some special skills the member may have. Pay will be largely based on rank, which goes from E-1 to E-9 for enlisted members, O-1 to O-10 for ...
Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military. These benefits are technically not a veterans pension , but a retainer payment, as retired service members are eligible to be reactivated.
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For FY2021, the Department of Defense's discretionary budget authority was approximately $705.39 billion ($705,390,000,000). Mandatory spending of $10.77 billion, the Department of Energy and defense-related spending of $37.335 billion added up to the total FY2021 Defense budget of $753.5 billion. [ 46] FY2021 was the last year for OCOs as ...
The contiguous United States (officially the conterminous United States) consists of the 48 adjoining U.S. states and the District of Columbia of the United States of America in central North America. [ 1][ 2] The term excludes the only two non- contiguous states, which are Alaska and Hawaii (they are also the last two states to be admitted to ...
For all members of the House of Representatives and Senate. Year. Salary. Per diem / annum. Auto COLA adj. In 2023 dollars (when instituted) In 2023 dollars (year prior to next increase) 1789. $6.
A historically high rate of inflation has led to three consecutive years of above-average COLAs. U.S. Inflation Rate data by YCharts.. 4. The 2025 COLA has big shoes to fill