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Is COLA affected by changes in the foreign exchange rates?

April 26, 2017affected changes Cola foreign exchange rates

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Is COLA affected by changes in the foreign exchange rates?

2 Answers

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Yes. The Per Diem Committee monitors foreign exchange rates throughout the year. As the amount of foreign currency your dollar “buys” changes, the Per Diem Committee increases or decreases COLA to maintain your purchasing power. Q10.

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Yes. The Per Diem Committee monitors foreign exchange rates throughout the year. As the amount of foreign currency your dollar “buys” changes, the Per Diem Committee increases or decreases COLA to maintain your purchasing power.