Major Pay Raise For Troops Proposed In 2024 Budget
The first draft of the national defense budget for 2024 includes a proposed 5.25% military pay raise for military members. Learn more.
Military Pay
Military Pay and Allowances Explained
Military Pay and Allowances Explained To understand military pay and allowances, you must first understand Basic Pay. Military members are offered Basic Pay for their time served, this is the salary for those in uniform. Most other payments above and beyond Basic Pay are either “special pay”, allowances, “incentive pay” or similar. Basic Pay does… Read more »
Military Pay Grades: 2024 Military Pay Charts
The White House has proposed a 5.2% pay raise for military members, the largest in over 20 years. Find the proposed military pay charts for 2024 here to see how it impacts you.
2023 National Defense Authorization Act
Find out what’s in the latest version of the 2023 NDAA. Find military pay raises, new BAH, commissary subsidies, and inflation-fighting measures.
Retirement Pay for Guard and Reserve Members
If you are in the National Guard or the Reserve, you earn points toward retirement while serving part-time and when called to active service. You qualify for military retirement as a member of a Reserve Component once you have reached 20 creditable years of military service. What does it take to make it to retirement… Read more »
Military Benefits Offered During Basic Training
Learn about the benefits available to service members during basic training, including healthcare, pay, and educational opportunities. Read more.
Blended Retirement System Continuation Pay: What is it?
What is Continuation Pay in the Blended Retirement System? One of the key features of the “new” Blended Retirement System (BRS) is a feature called continuation pay. In short, continuation pay is a bonus-like payment given mid-career, for those enrolled in the BRS, in exchange for adding more years to their service. BRS Broken Down… Read more »
Financial Institutions Offering Early Direct Deposits for Military
Banks and Credit Unions That Make Early Deposits for Active Duty Military As a standard rule, service members know their bi-weekly salary will get paid out on the 1st and 15th of every month. For instances when that date falls on a weekend, the pay gets moved to the closest weekday instead. However, there are… Read more »
2023 Military Pay Chart: Largest Pay Raise In a Decade
The Pentagon’s new budget includes a 4.6% pay raise for military service members in 2023. This represents the highest increase in decades.
Changes Coming to the Thrift Savings Plan in 2022
There will be an app that is coming out in mid-2022, that will make access to the TSP platform even easier. Also, there will be new tools such as a virtual assistant and virtual chat. There will also be a mutual fund window opening for the TSP. Learn more.