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Proposed Military Pay Charts for 2017

Airman helping service member with paperwork

Update for 2017 Military Pay: House lawmakers have released a proposal for troops to receive a 2.1 percent pay raise in 2017. The White House has already requested a 1.6 percent pay raise for 2017, which is higher than 1.3 percent increase received by troops in 2016, but lower than the 2.1 percent raise called for by law to match private-sector wage growth. By law troops are to receive a pay raise within 0.5 percent of the Employment Cost In... more

Military Retiree Pay Dates

calculator money management

The following table reflects the DFAS schedule of retiree and annuitant pay dates for 2016. Information may help to avoid any confusion as to when you should expect to see the payment deposited to your account. Remember that retiree paydays will always fall on the first day of the month or the previous business day when the 1st is a holiday or weekend. Retiree Pay Dates for 2016 M... more

State Retirement Income Tax

Tax time

Some States exempt all or a portion of retired pay from income taxation. In all States, disability payments received from VA and all Social Security payments are exempt from taxation. State income tax, where applicable, is not withheld from retired pay unless a state has entered into an agreement with the Department of Defense to permit finance centers to withhold state income tax. Retirees who do not currently have state tax withheld from re... more

The Military Retirement System

Marine retirement

If you are considering making the military a career — or you have already made that decision, and just want to know more about your benefits — then this will be of special interest to you. This article looks at the current Military Retirement Systems and the choices facing most today's active duty members. The following is a summary of what you need to know regarding Military Retirement Systems: Military Retirement Overview Factor... more

Military Advance Pay

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The purpose of advance pay is to give funds to a member to meet extraordinary expenses incident to a Permanent Change of Station (PCS). It is intended to assist with the out-of-pocket expenses, not typical of day-to-day military living, that precede or exceed reimbursements incurred in a member's change of duty locations. An advance of pay is not authorized for the specific out-of-pocket expenses covered by advances of other allowances ... more

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