30 Nov '12, 11am

Active-duty troops, reserve-component members and military retirees will get a pay boost in 2013

http://www.armytimes.com/news/2012/11/military-2013-pay-raise/ Troops, retirees get a pay boost in 2013 By Rick Maze - Staff writer Posted : Tuesday Nov 20, 2012 11:46:18 EST Active-duty troops, reserve-component members and military retirees will get a 1.7 percent pay boost at the end of the year in a rare confluence of separate pay formulas. The increases in basic and retired pay are virtually assured unless Congress returns to work in a post-election session and unexpectedly decides to resolve the nation’s budget crisis by reducing or eliminating pay raises that are calculated under permanent law. Basic pay charts: • 0-20 years • 20+ year That seems highly unlikely, as the House of Representatives has passed a fiscal 2013 defense budget that endorses the 1.7 percent military raise and a federal budget that assumes a 1.7 percent cost-of-living adjustment. The COLA would ...

Full article: http://www.armytimes.com/news/2012/11/military-2013-pay-r...

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