Military Pay

military pay charts 2022

Military Pay Charts 2022 [proposed]

The estimated Military Pay Charts for 2022.  According to federal law, military pay increases are to mirror private-sector wage growth as stated by the Employment Cost Index (ECI). According to the military pay raise formula, the military pay raise for 2022 will be 2.7%. Find out your estimated military pay for 2022 in our handy military pay charts.

Disabled Veterans May Get Expanded Retirement Benefits

A bipartisan push in Congress could provide nearly 42,000 combat-injured veterans with expanded retirement benefits.  They would be eligible to receive both disability compensation and retired pay. The bill, if passed, would allow disabled veterans who were medically retired before serving 20 years to receive their full military benefits. 

Defense Budget Updates for 2021

2022 Defense Budget Proposal: What It Means For You

NDAA 2022: Defense Budget Proposal and 2021 Updates The White House has requested almost $270 billion for the Department of Veterans Affairs budget for 2022. This is a 10% increase from 2021. This does include a discretionary budget request of $117.2 billion with medical care collections, and a mandatory funding request of $152.7 billion.  **… Read more »

military pay raise 2022

Military Pay Raises Likely to Be Smaller for 2022

For the last 2 years, service members have enjoyed pay raises of at least 3%.  However, it is becoming apparent that troops should not count on a similar military pay raise in 2022.

payback deadline for deferred social security tax extended

Payback Deadline for Deferred Social Security Tax Extended

Payback Deadline for Deferred Social Security Tax Extended With the passing of the Consolidated Appropriations Act of 2021 just last week, the major change affecting service members, federal employees, and their families is the extension for repayment of deferred payroll taxes. Effective September 1, 2020, through a presidential order, military and federal employees’ paychecks presented… Read more »

military benefits changes 2021

Military Benefits Changes for 2021

Military and veterans’ benefits changes that have been announced for 2021 for TRICARE, military pay, BAH, BAS, COLA, Social Security, TSP and more!

DFAS myPay

DFAS myPay: Help Getting Started

DFAS myPay The United States Military works hard to ensure that the individuals that make up its branches are provided for in all areas of life such as housing, healthcare, and finances. The Defense Finance and Accounting Service (DFAS) is an agency of the United States Department of Defense (DOD), headquartered in Indianapolis, Indiana. DFAS… Read more »

financial tips for enlisted service members

Financial Tips For Enlisted Service Members

More than the GI Bill: College Bound, Service Member Financial Tips With a little planning you can stretch the GI Bill into a graduate degree.  Here are a few tips that should help you create a five-year plan to get you through one enlistment and in to college.  There are tips spanning those looking to… Read more »

National Guard and Reserves Benefits

Big Boosts for the National Guard and Reserves

There is a possible change coming for members of the National Guard and the Reserves. Elected officials want to ensure that even part-time service members are receiving full credit for the work that they do. In February, a group of both Republican and Democratic senators introduced a measure that would do just that. Called, the… Read more »

military pay chart

Military Pay Charts 2021 [updated]

The latest NDAA should be signed any day now and the latest pay raise should take effect starting Jan 1.  However, we have a pretty good idea what the pay raise will be.  As such, we present you with the 2021 Military Pay Charts with the anticipated 3% included.

military pay raise

2020 Military Pay Raise Impact

A 3.1% military raise for 2020 is set to take effect as of Jan 1, 2020.. This is higher than the 2019 raise of 2.6% and the highest raise since 2010, when the raise was 3.4%. Of course, before this is to happen, there will be debate about the raise within Congress and won’t be… Read more »

Reserve Pay Dates

Reserve Pay Dates 2020

Here are the 2020 Reserve pay dates.  These dates apply for pay for the following: Army Reserve Pay Dates Marine Corp Reserve Pay Dates Navy Reserve Pay Dates Air Force Reserve Pay Dates Coast Guard Reserve Pay Dates If you serve in the Reserves for the Army, Marine Corps, Navy, Air Force, or the Coast… Read more »

Special Medical Military Pay

Special Pay – Medical – Military Pay

As a service member, you will receive different types of pays during the course of your military career. There is your base pay, BAH for your housing and BAS for food. There are also different special and incentive pays, over 60 of them which you may or may not qualify over the course of your… Read more »

military special pay

Special Pays – Part 2 – Military Pay

As a service member, you will receive different types of pays during the course of your military career. There is your base pay, BAH for your housing and BAS for food. There are also different special and incentive pays, over 60 of them which you may or may not qualify over the course of your… Read more »

Special Military Pay

Special Pay and Incentive Pay for the Military

As a service member, you will receive different types of pays during the course of your military career. There is your base pay, BAH for your housing and BAS for food. There are also different special and incentive pays, over 60 of them which you may or may not qualify over the course of your… Read more »