Paycheck Chronicles

2014 Military Pay Charts

The President has signed the 2014 National Defense Authorization Act (NDAA) into law, and it includes a 1.0% increase in military pay. This increase will be effective 1 January 2014, and you will see the increase in your 15 January 2014 paycheck.

While 1.0% is not a huge increase, and it is much less than the 1.8% increase supported by veterans groups. An E-6 with 8 years of service will get a raise of $32 per month, an O-3 with four years of service will get a raise of $51 per month.  I know that some people are very upset that the raise isn't more, and I understand.  Personally, however, I am thankful that there is any increase at all.

Check out the 2014 pay charts, or use our Military Pay Calculator to figure the total amount of your military pay.  The calculator is super-nifty; it lets you include all special pays, allowances, and other information to calculate your total military pay.  It is also very easy to use.  You should definitely give it a look-see.

Still looking to verify BAS rates; I'll let you know when I find out.

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