Military.com
Military Advantage

1.9% Pay Raise Not Likely

The House passed their version of a continuing resolution (CR) that will provide funding to keep the government operating through September 2011. If it makes it through the Senate and is signed by the President, the bill, dubbed the FY2011 Year Long Funding Act, would provide $513 billion in Defense spending, $4.9 billion more than the 2010 levels. But the biggest news for most troops is that the House voted to freeze Federal pay while giving the okay for the 1.4% military pay increase requested by the President. The house had previously proposed a 1.9% increase which seems highly unlikely at this point. In either case, the 2011 pay increase is likely to be less than half of last year's and is assured to be the smallest military pay raise since 1962.

The House's CR bill includes proposals to increase funding for Basic Allowance for Housing and Basic Allowance for Subsistence and $1.56 billion for  TRICARE to address cost increases. 

Read Tom Philpott's article: 1.4% Assured; 1.9% Unlikely.

Show Full Article

Related Topics

Military Advantage

Most Popular Military Pay Articles

2018 Military Pay Charts

Check out the 2018 US military pay scale charts for all ranks for active duty, as well as Reserve and Guard components.

Military Retired Pay Overview

The military retirement system is arguably the best one around, but proper planning is needed to ensure you can retire comfor...

COLA for Retired Pay

Each year military retirees receive a Cost of Living Adjustment to their retirement pay. The increase is based on inflation r...

The Military Retirement System

There are currently four different retirement pay systems depending on when you joined the military. Understanding how each r...