Posted on Dec 8, 2022
2023 Military Pay Raise Will Be the Largest in 20 Years
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The largest military pay raise in decades is coming in 2023 for active-duty troops as part of the annual defense authorization bill expected to be approved by Congress this month.
Under the plan, active-duty troops and drilling Guard and reserve members will receive a 4.6% pay raise, the largest bump in 20 years. The 2022 military pay raise sat at 2.7%.
Under the plan, active-duty troops and drilling Guard and reserve members will receive a 4.6% pay raise, the largest bump in 20 years. The 2022 military pay raise sat at 2.7%.
2023 Military Pay Raise Will Be the Largest in 20 Years
Posted from military.com
Military Pay
Money
Edited 3 y ago
Posted 3 y ago
Responses: 6
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Lt Col Charlie Brown Good news for our people in uniform but still not keeping up with inflation. I guess something is better than nothing.
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2023 Pay Raise For Veterans and Military Retirees #military #Veterans #PayRaise #PayIncrease
This will be the largest Cost of Living Allowance (COLA)increase since 1981.
Thank you my friend and sister-in-Christ Lt Col Charlie Brown for posting.
My military retiree pay raise is 8.7% for 2023.
"Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation."
2023 Pay Raise For Veterans and Military Retirees
https://www.youtube.com/watch?v=AL1vpKy97Wo
FYI LTC (Join to see)CMSgt (Join to see) 1SG Henry Yates GySgt Thomas Vick Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D. LTC Trent KlugSSG Franklin BriantSSG Jeffrey LeakeGySgt Jack WallaceSFC Ralph E KelleyPO1 Howard BarnesSGM Bill FrazerSGM Major Stroupe1SG Joseph DarteyLTC Joe Anderson Warning: Will Reply Abrasively, Cuastically, Crassly MSG Darold R.MSgt Robert E. M.
My military retiree pay raise is 8.7% for 2023.
"Military retirees and disabled veterans will see their monthly checks increase by 8.7% for 2023, thanks to an annual adjustment to the federal Cost of Living Allowance (COLA) due to inflation."
2023 Pay Raise For Veterans and Military Retirees
https://www.youtube.com/watch?v=AL1vpKy97Wo
FYI LTC (Join to see)CMSgt (Join to see) 1SG Henry Yates GySgt Thomas Vick Maj Bill Smith, Ph.D. MAJ Dale E. Wilson, Ph.D. LTC Trent KlugSSG Franklin BriantSSG Jeffrey LeakeGySgt Jack WallaceSFC Ralph E KelleyPO1 Howard BarnesSGM Bill FrazerSGM Major Stroupe1SG Joseph DarteyLTC Joe Anderson Warning: Will Reply Abrasively, Cuastically, Crassly MSG Darold R.MSgt Robert E. M.
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LTC Stephen F.
2023 VA Disability Pay Chart and Compensation Rates
The Cost of Living Adjustment for Veterans' disability compensation has been announced at 8.7%, the largest VA disability pay increase in decades. Tune in to...
The Cost of Living Adjustment for Veterans' disability compensation has been announced at 8.7%, the largest VA disability pay increase in decades.
https://www.youtube.com/watch?v=E-ykMtUm5zU
PO3 Phyllis Maynard SSG Robert Mark Odom SPC Michael Oles SR SGT Randell Rose SGM Major Stroupe CPT Richard Trione SPC Maurice Evans PO3 Edward RiddleSgt Justin DavisCrowe SFC (CA) Roland Dell Sgt David G DuchesneauSgt (Join to see) SPC Margaret Higgins CPL Dave Hoover[Sgt Jay Jones Sgt Joe LaBranche CWO3 Dennis M. CPT Pedro Meza SFC David Xanten SGT Herbert Bollum
https://www.youtube.com/watch?v=E-ykMtUm5zU
PO3 Phyllis Maynard SSG Robert Mark Odom SPC Michael Oles SR SGT Randell Rose SGM Major Stroupe CPT Richard Trione SPC Maurice Evans PO3 Edward RiddleSgt Justin DavisCrowe SFC (CA) Roland Dell Sgt David G DuchesneauSgt (Join to see) SPC Margaret Higgins CPL Dave Hoover[Sgt Jay Jones Sgt Joe LaBranche CWO3 Dennis M. CPT Pedro Meza SFC David Xanten SGT Herbert Bollum
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Remember the "enjoy it now; enjoy it later" approach!
Take 50% of whatever the pay hike you get and "enjoy it now" and put the other 50% into whatever long-term saving approach you have so you can "enjoy it later".
You won't miss what you don't have - if you don't start relying on the 50% you put away for the future, then you won't get used to spending it.
Take 50% of whatever the pay hike you get and "enjoy it now" and put the other 50% into whatever long-term saving approach you have so you can "enjoy it later".
You won't miss what you don't have - if you don't start relying on the 50% you put away for the future, then you won't get used to spending it.
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SPC Jeff Daley, PhD
COL Randall C. Important points in reviewing personal financial status. Also to help with inflation cost the Military has given the advice that follows: Food Stamps Guidance: Fight Inflation By Applying For SNAP. The Military has formulated a battle plan against the ongoing advance of inflation, and it involves advising troops to arm themselves with Supplemental Nutrition Assistance Program (SNAP) benefits.
IMHO it's good to have it available but sad that it's needed.
IMHO it's good to have it available but sad that it's needed.
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COL Randall C.
SPC Jeff Daley, PhD ... and tips on how to get the leftover food from the dining facility in easy to transport containers.
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