What happened to your COLA?

News

What happened to your COLA?

by: . | .
CNFJ | .
published: January 05, 2017

Many sailors and families in Japan have probably noticed smaller paychecks recently due to a reduction in COLA rates as the value of the U.S. dollar has increased when compared to the Japanese yen.

When planning your monthly budget, it is important to understand that COLA rates can go either up or down depending on the fluctuation of the U.S. dollar to Japanese yen currency rate.

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