Post allowance down in the Netherlands
Exchange rates drove post allowance rates down Sunday in parts of the Netherlands and pulled them up in Portugal, according to the State Department’s Office of Allowances.
In the Schinnen, Brunssum and a handful of other locations in the Netherlands, personnel who make between $30,000 and $32,999 per year and have two dependents can expect post allowance to drop of about $78 in their next paychecks. Similar personnel in Portugal can expect about $39 more. Allowances in other European countries didn’t change.
Both countries use the official European Union currency, the euro, which slumped against the dollar in the last weeks of May and into June before leaping at the end of last week.
Post allowance rates in Portugal sank two weeks ago because of exchange rates. Allowance rates in parts of the Netherlands also dropped then for the same reason, and the latest adjustment drags all other Dutch locations down to the same rate.
Post allowance, a tax-free pay supplement designed to offset the high cost of living in many overseas areas, can be adjusted as often as every two weeks.