Military to get pay boosts in 2016 too

While there were news all over the place about the recent pay raise that was awarded to all the federal employees out there, there is also good news for the military. President Obama has recently given his approval on the one percent increase that is going to be granted to the military employees. In this regard, after a few recent developments, there is going to be a further 0.3 percent increased based on the locality of the employees.

 

Military getting pay boosts:

• Also Read: 3 Reasons Certain Federal Employees Can Retire Years Earlier Than Their Peers Without Penalties
• Also Read: CSRS Retirement in 2024: Are You Making the Most of What This Classic Plan Has to Offer?
• Also Read: Roth IRA Basics for Beginners: What’s There to Learn?

There are a few localities that will benefit heavily in this regard. The Huntsville-Decatur-Albertville area is a little low on the scale (16.36 percent) and the scale goes from 35.75 percent to 14.37 percent in the San Francisco Bay and the Albuquerque-Santa Fe area respectively. Here, it’s worth noting that the lowest entity on the scale is still greater than the rate for Alabama which is 14.35 percent.

All in all, going into the New Year, nothing can please a military servant more than knowing that they are going to get compensated more than they were in the previous year. This goes to show that their concerns and rights are equally important to the government than those of the rest.