22 Dec '14, 6pm

DoD Releases 2015 Military Pay and Compensation Rates

DoD Releases 2015 Military Pay and Compensation Rates DoD News, Defense Media Activity WASHINGTON, Dec. 22, 2014 – Today, the Department of Defense announced the 2015 military pay and compensation rates for service members, with most service members receiving a one percent increase in basic pay. The new rates for basic pay, basic allowance for housing, basic allowance for subsistence, and the cost of living allowance rates for the contiguous United States will take effect on Jan. 1, 2015. Basic pay for service members will increase one percent, except for general and flag officers who will not see an increase in 2015. For example, an E-4 with 3 years of service will see an increase in basic pay of $22.20 per month, while an O-3 with 6 years of service will receive a basic pay increase of $54.30 per month in 2015. Basic allowance for housing rates for service members in 201...

Full article: http://www.defense.gov/news/newsarticle.aspx?id=123873

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