On Sept. 29, 2023, OSD released their recent data analysis for COLA in Alaska. The analysis resulted in a projected -4 point change for Anchorage which took effect Nov. 16, resulting in an approximate 20% decrease in a service member’s COLA entitlement. The overall OCOLA reduction will be implemented in phases; the second half of the reduction has a “TBD” date.
Supervisors should ensure they are having conversations with service members on impact to their financial readiness and resources available to them.
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