Post allowance to drop in South Korea
SEOUL — Federally employed U.S. civilians in South Korea will see their post allowance drop by 5 percentage points in their second biweekly paycheck this month.
The new rate took effect Aug. 30, after the South Korean won fell against the dollar.
Under the new rate, for example, a family of four with an annual salary of $60,000 will see their allowance drop about $62 per paycheck.
Post allowance is the civilian equivalent of military cost-of-living allowance and is intended to compensate in part for the higher price of many goods and services in overseas areas. It is calculated as a percentage of spendable income and is based on the employee’s salary, work schedule, number of dependents and duty station location.
Post allowances can be calculated at http://aoprals.state.gov/.