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President Obama Sets Troop Pay Raise at 1.3 Percent in 2016 | Military.com

President Obama Sets Troop Pay Raise at 1.3 Percent in 2016 | Military.com

President Obama on Friday announced a 1.3 percent pay raise for military members next year, a level that’s less than what’s specified under the law.

The change to monthly basic pay will take effect Jan. 1.

“This decision is consistent with my fiscal year 2016 Budget and it will not materially affect the Federal Government’s ability to attract and retain well-qualified members for the uniformed services,” Obama wrote in an Aug. 28 letter to congressional leaders.

The presidential order is consistent with the Pentagon’s proposed budget for fiscal 2016, which begins Oct. 1.

The spending plan called for a pay raise of 1.3 percent rather than the 2.3 percent estimated increase in private sector-wage growth, which military pay is supposed to track by law. The 1.3 percent figure is slightly higher than the 1 percent pay increase that service members have received the past two years.

Source: President Obama Sets Troop Pay Raise at 1.3 Percent in 2016 | Military.com