It’s Official: 2020 Budget Proposal Has Largest Troop Pay Raise in a Decade
11 Mar 2019
Military.com | By Richard Sisk
The White House on Monday backed a 3.1 percent pay raise for the military as part of its overall defense spending proposal of $750 billion for fiscal 2020.
Congressional leaders from both sides of the aisle, who guard Congress' "power of the purse," said Sunday that Trump's budget request is only a suggestion that will be picked apart in their deliberations, as have others in the past. But they also said a military pay raise in the range of 3.1 percent is likely to survive.
The White House proposal on military pay matches the 3.1 percent increase indicated in the U.S. Employment Cost Index (ECI) of the Bureau of Labor Statistics (BLS) that serves by statute as the major guideline for military pay. It would mark a boost of 0.5 percent over the 2.6 percent military pay increase in 2019.
In the budget announcement, Trump said the proposed military pay hike is "the largest increase in a decade."
According to the Pentagon, the military pay increase for 2010 was 3.4 percent.
In addition to the pay raise, the White House defense budget proposal asks for funding "for a full range of compensation programs, from monthly incentive pays to recently modernized retirement benefits."
Entire story at:
https://www.military.com/daily-news/...my-a_190313.nl
I'm glad to see the pay raises...