MILITARY GET 3.4 PERCENT PAY RAISE FOR 2010

President Obama signed the 2010 National Defense Authorization Act which includes a 3.4 percent pay increase for all servicemembers. This raise is .5 percent lower than the 2009 military pay increase. However, considering current economic conditions this may prove to be a generous increase when compared to the civilian wage rates.

The 2010 military pay increase will go into effect on January 1, 2010 and will be reflected by the mid-January paydate.

This does not include the Basic Allowance for Housing (BAH), which service members get for living off base. This amount is adjusted to the average rental market in the surrounding area and a few other criterias from the previous year. These new amounts are expected to be released in mid-December 2009. Stay tuned.