Bigger Military Raise and Benefits Hit

Week of July 23, 2007

The Bush administration said recently that it "strongly opposes" key military pay and benefit gains tossed into their fiscal 2008 defense bill. The initiatives the administration "strongly oppose" include: (1) a military pay raise for next January of 3.5 percent; (2) lowering the age to 60 to start the reserve retirement annuities for reserve component members by the length of their future mobilizations; and (3) expanding eligibility for Combat-Related Special Compensation to servicemembers forced by combat disabilities to retire short of 20 years. For more information, read the article on the Military.com website.

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