It ain't much but it's something.
The pay scale for FY 2007 will not be approved until the end of September (assuming that Congress meets its deadline which is ALWAYS a big assumption).
The exact amount of next year's military pay raise is still unknown. There are currently two versions being considered by Congress. The Senate version of the 2007 National Defense Authorization Act (S2766) calls for an across-the-board 2.2 percent basic pay raise, effective on January 1, 2007. This is the amount requested by the Bush Administration.
The House version of the act (HR5122) calls for a 2.7 percent across-the-board raise in basic pay, also effective on January 1st.
There are targeted pay raises scheduled for April 1, 2007 (appropriate) and, because they are included in both versions, the belief is that it will happen. We'll see. Like I said, it isn't much but I'll take it. I can always find ways to spend extra money!
Pau.
- hfs
