Want Daily SOF News Articles and Job Listings Delivered to Your Inbox?
New in 2019: Is an even bigger military pay raise on the way? | Military Times

New in 2019: Is an even bigger military pay raise on the way? | Military Times

Troops saw lawmakers approve their biggest pay raise in a decade in 2018. And the next boost could be even bigger than that.

Continuing a trend in recent years, the pay raise for 2020 is expected to again rise thanks to the improving economy and the expected increase in civilian sector wages. Based on the current federal formula, troops should see a 3.1 percent pay raise in January 2020, up 0.5 percent from the 2.6 percent raise that goes into effect this January.

If that holds, it would mark the fifth year that troops saw a bigger pay raise than the previous year. But actually getting the money depends on Congress and the White House.

President Donald Trump has signaled support for maintaining strong military pay, but he has also discussed trimming the total Defense Department budget by tens of billions of dollars to help reduce the federal deficit.

Source: New in 2019: Is an even bigger military pay raise on the way? | Military Times

 

%d bloggers like this: