Tuesday, October 21, 2008

2009 Military Pay Raises Are Out

The 2009 Pay Raises for Military members is out. The Basic Allowance for Housing will be released on December 15, 2008.

2009 Pay Raise - President Bush signed the National Defense Act of 2009, granting the across-the-board 3.9 percent military pay raise to active duty members that Congress requested. The 2009 cost-of-living adjustment (COLA) for military retired pay will be 5.8%. This increase, which goes into effect on December 1, 2008, also applies to SBP annuities, Social Security checks, and VA disability and survivor benefits. Retirees will see the increase in their January 2009 checks.

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