Paycheck Chronicles

DOD Reports Pay is Competitive

In a recently presented report to Congress, the Department of Defense presented information that supports the position that current military compensation is fairly comparable to similar civilian pay.  According to their calculations, the total military compensation package, including base pay, housing and food allowances, and tax advantages, places military pay higher than 70% of civilian positions that require similar education and experience.  With this background, the DOD suggests that additional pay funding be put towards bonuses, specialty pay and incentive pays instead of larger overall pay raises.

I'm sure there will be much disagreement about the accuracy of that information, and there is plenty of specific cases which can support or refute it, but those are the statistics as they are presented.

For more information, see the press release.

Show Full Article

Related Topics

PayCheck Chronicles

More from Paycheck Chronicles

Roth IRA or Roth TSP?
The Roth IRA and the Roth TSP, while similar, have many differences. Which is right for you?
View more

Most Recent Military Pay Articles

View more