Military Advantage

President Determined to Cap 2014 Military Pay

According to an article by Rick Maze of the Military Times, President Obama has notified Congress that he intends to use his authority to set the 2014 military pay increase at 1 percent, rather than the 1.8 percent, which is currently required by the federal pay formula.

The 2014 military pay raise is only one of many defense budget issues that has lawmakers and President at odds. The House budget plan includes the 1.8 percent raise, while both the Senate Armed Services Committee and the President’s proposed budgets include a cap of 1 percent.

The President announced the move on Friday August 30, right before the Labor Day weekend.

Of course, like the many other defense budget issues, this is far from settled, so stay tuned…

Visit Military.com to learn more about military pay.

Show Full Article

Related Topics

Military Advantage

Military Pay News & Advice

SGLI for Reservists
Reservists may be covered full or part-time by SGLI. Make sure you know when SGLI starts, when it stops and how much it costs...
View more