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5.2%
- The 5.2% raise in basic pay for active-duty, Guard and reserve members in 2024 joins a 3.2% cost of living adjustment (COLA) given to military retirees and to veterans who receive disability checks from the Department of Veterans Affairs.
www.military.com › daily-news › 2023/12/22Biden Signs Law Backing Military Pay Increase for 2024. Here ...
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Dec 22, 2023 · President Joe Biden signed the annual defense authorization bill into law Friday afternoon, confirming the largest raise in military basic pay in decades. The 2024 National Defense Authorization...
Jan 18, 2023 · After missing its congressionally-authorized end strength number by 20,000 in fiscal 2022 due to faltering recruiting, the Army is betting more on what’s been working — retention — to bolster its...
Aug 12, 2021 · Despite, or perhaps because of, the COVID-19 pandemic, the regular Army secured 1,693 more reenlistments in fiscal year 2020 than the previous year, achieving 53,024 against a goal of 50,219....
Oct 20, 2021 · The Army’s two largest components — the active-duty force and the Army National Guard — successfully exceeded their end strength goals for fiscal 2021, service officials said in a Wednesday...
Mar 29, 2022 · The $178 billion budget, released on Monday, is an increase of $2.8 billion from fiscal 2022. “The FY23 budget is a positive one for the Army, because it really lets us do two things...
Mar 13, 2023 · The FY 2024 budget request invests $5.1 billion to increase resilience of military bases and the critical capabilities housed there against threats like extreme weather and cyber-attacks.
Mar 13, 2023 · The fiscal 2024 defense budget unveiled March 13 includes a 5.2% across-the-board pay increase and an overall $26 billion hike in defense spending. The Army’s $185.5 billion share, which is $5.6 billion less than the fiscal 2023 budget approved by Congress, covers the service’s priorities, briefers said as the budget was unveiled.
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