2022 retired military pay chart 2022 retired military pay chart

The new pay rate went into effect on Jan. 1, 2022. m%x^q.F^wy+ogz$9|_~,>_fmB*]STiW^rF-jl Ont/e. It suggests military pay increases as much as 3.0 percent. The purpose of this years COLA, as with every year, is to fight the increase in inflation and protect the spending power of retired and disabled service members and their families. The full VA disability rates for 2022 can be found here. Hn1FHy):$H "QC@Ehy|fw-bd3x\?t{Lzh))+pcGzezpyq?tp;M7Unx5^ew];7O\i|MXMY9gA)Ja1|`_n*51g88#e$/'x3QG+Qq' W3 On October 30, 2020 at 0830EST, the United States Employment Cost Index (ECI) was released. Disclaimer: MilitaryRates.com is a private website that is not affiliated with the U.S. Department of Veteran Affairs, any U.S. government agencies, or any U.S. military branches. It's the largest military pay raise in 20 years, but it might not be enough to keep up with inflation, which was 7.1% in November, according to the Bureau of Labor Statistics. All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. 2022 Active Duty Officer Basic Military Pay Chart Military basic pay raises are linked to the Employment Cost Index (ECI) and there is a formula for an automatic annual increase in basic pay that is indexed to the annual increase in the ECI. According to statute, military pay raises must be equal to the ECI, although Congress and the president can enact increases that are above the ECI. Want 30+ Military / Veteran Discounts to use today? References to third-party products, rates and offers may change without notice. The content on The Military Wallet is produced by Three Creeks Media, its partners, affiliates and contractors, any opinions or statements on The Military Wallet should not be attributed to the Dept. COLA raises for Social Security benefits and certain other benefits are automatic. An average of $140 is going to increase from January 2023 for all retired military personnel, in 2023 the Social Security benefits is $1,681 which will be $1,827 from January 2023. All reviews on this site represent the personal opinions of the author. President Biden signed the Fiscal Year 2023 National Defense Authorization Act (NDAA), paving the way for a4.6% increasein military pay for 2023. The bill includes the 2.7 percent military pay raise proposed by President Biden. The new pay scale takes effect on January 1, 2022. . of Defense or any governmental entity. Leave a CommentFiled Under: Pay, Retirement, Your email address will not be published. MORE: Compare Top VA Lenders for $0 Down Today. %%EOF 1184 0 obj <>/Filter/FlateDecode/ID[<72E03E1A73C8BC49A84CEA99FE79DA79><91E2AF24C9FC2E4EAA1B1FD9B36C65FE>]/Index[1168 23]/Info 1167 0 R/Length 89/Prev 320329/Root 1169 0 R/Size 1191/Type/XRef/W[1 3 1]>>stream You can bookmark this page and return to it whenever you want, or I have created three types of calendars: a list, a black and white calendar, and a color calendar. This blog is strictly for informational and entertainment purposes only. The pay tables on this page show military basic pay for all branches as of January 1st 2023. . No tables, rankings or lists are fully comprehensive and do not include all companies or available products. The content offered on Veteran.com is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. sk(:Wdl M]l;>FY^Y_.`B7X-e+]lr-Rx L Most military retirees will receive a 5.9 percent increase to their retired pay beginning with the pay they receive on January 1, 2022, which is the largest such increase since 1982. Effective December 1, 2022. If you have questions of a specific nature consider consulting a financial professional, accountant or attorney to discuss. If a ranking or list has a company noted to be a partner the indicated company is a corporate affiliate of Veteran.com. 2024 pay chart. Editorial Disclosure: Editorial content on Veteran.com may include opinions. The total monthly rate for those two individuals would come to $152.64 and $1,778.43, respectively. Then look for your disability rating in the top row. Other forms of military compensation such asBasic Allowance for Housing (BAH)andBasic Allowance for Subsistence (BAS)are also subject to periodic adjustments but are computed differently. Military pay will increase 4.6% for 2023, compared to 2022 levels. (a) Prior to age 62: 2.5% times the number of years of service minus 1.0% for each year of service less than 30, times the average of the member's highest 36 months of basic pay. hb```^+ 2!.QXte=tF>U>G-u]LVMBQ>!IP The bill now moves on to President Trump for signature. endstream endobj startxref , this is something that Veterans, their families, and survivors can get excited about. Team Rubicon unites the skills and experiences of military veterans with first responders to rapidly deploy emergency response teams. On May 28, 2021, President Biden released his budget proposal for Fiscal Year 2022. Under federal law, the ECI number is used in setting the proposed pay changes for the military. 9/22/2021 City of Milwaukee Department of Employee Relations COMPUTATION METHOD OF "CITY SHARE" CHART . 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 0.00: 0.00 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90: 16974.90 16974.90 Required fields are marked *. 2023 Retired Military Pay Dates Calendar Black and White, 2023 Retired Military Pay Dates Calendar Color. COLA is calculated by factoring in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). hbbd```b`` "HF~H#dq /=LK }6l:"$c"h#F, ) The content offered on The Military Wallet is for general informational purposes only and may not be relevant to any consumers specific situation, this content should not be construed as legal or financial advice. Monthly basic pay amounts are rounded to the nearest U.S. dollar and are for the active components of the Navy, Marine Corps, Army, Air Force, Space Force, and Coast Guard. 2023 Annual Military Retirement Pay Increase. FREE Weekly Updates! Editorial Disclosure: Editorial content on Veteran.com may include opinions. The compound is in line with the proposal developed by the House of Representatives and also The President. See Department of Defense Financial Management Regulations (DoDFMR) for a more-detailed explanation on who is eligible for this special basic pay rate. My goal is to give you the tools to make the best decisions right now, so you'll be confidently prepared for whatever comes next - whether that's a PCS move, transition to civilian life, or retirement. The VA Home Loan is one of the only home loans available today with no down payment required. Not only is a pay raise coming for military retirees, but its also the biggest increase in pay since 1982. To calculate estimating retirement pay: Basic Pay Number of Years Active-Duty 2.5%. No tables, rankings or lists are fully comprehensive and do not include all companies or available products. Here is the link to the PDF: 2023 Retired Military Pay Dates List, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates List, Here is the link to the PDF: 2023 Retired Military Pay Dates Calendar Black and White, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates Calendar Black and White, Here is the link to the PDF: 2023 Retired Military Pay Dates Calendar Color, Here is the link to the Microsoft Word document: 2023 Retired Military Pay Dates Calendar Color. Title 37, Chapter 19, 1009. This legislation is more than 10 percent higher $28.1 billion than the 2021 budget. )h{v}/A(-CEfr #-F9xaR9EuZ:&CNy9H$-B09I)5`}.50Yn]Ow@WwWTV\\/\ns}o@o! 1190 0 obj <>stream Another way to look at the numbers is to expect an additional $59 for every $1,000 of military retirement pension received each month. Here are the 2022 military pay charts, according to the 2022 National Defense Authorization Act. For the past five years, lawmakers have used the ECI formula for wages and salaries to help determine final military pay increases. All information is completely confidential. Here are the 2021 drill pay charts, if you'd like to see how much your pay has increased by dollar amount. And this years retired military pay raise in 2022 is the, biggest raise Veterans have seen in decades, , amounting to a 5.9% increase. For most service members, basic pay is the largest component of monthly compensation. This raise is lower than the 2020 amount of 3.1%. The ECI is based on the data for 12 months through each September. President Biden is expected to sign the National Defense Authorization Act for 2022 before the new year. of Veterans Affairs, the Dept. rj1*s^p6mEh6{{ K)+cw"d. The first COLA adjustment after retirement is calculated under a formula different than that above, if the member retires between January 1st and September 31st. endstream endobj 1169 0 obj <>/Metadata 35 0 R/Outlines 57 0 R/Pages 1166 0 R/StructTreeRoot 67 0 R/Type/Catalog>> endobj 1170 0 obj <>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 1171 0 obj <>stream Any opinions are those of the author alone, and not those of an advertiser to the site nor of The Military Wallet. How to use the High-3 military retirement calculator. Military paydays are on the first and 15th of the month unless it is a holiday or weekend. Military Pay Charts and Military Retirement Calculators Military and Retiree Pay Problems Pension Benefits for Military Retirees The military has two retirement systems: The new Blended Retirement System (BRS) The legacy High-3 system Which plan you fall under depends on when you joined the military and whether you chose to opt-in to the BRS. (BA*v=>%wVbIS=Qro%v5D $)[jHn)DB]M=]1E,N4;[Nnv#5[VE}:I`-IcCO'4u:\Y+"w0'b6\Q7q%Enyk\(*, ]G'..*Q|ceQg&c6tY+B7[YBE0eeBeInBo0#Z#mDHw`y+k7 6J}!t6elF*hY? He is now a full-time dad, freelance writer, and out-of-work comedian. The bill allows for the 4.6 percent military pay raise proposed by President Biden on March 28th. Subscribe now for my newsy emails, which come about once every two weeks. 1443 0 obj <>/Filter/FlateDecode/ID[<0F56F9525ED6C34A85AC9582691A29D6><06D677F402F1C34EB54CD44097218A9A>]/Index[1431 25]/Info 1430 0 R/Length 70/Prev 32061/Root 1432 0 R/Size 1456/Type/XRef/W[1 2 1]>>stream Iraq and Afghanistan Veterans of America (IAVA) is the nation's largest nonprofit, nonpartisan organization representing new veterans and their families. The law requires the VA to raise disability payments by the same amount, and the military generally provides an equal raise in military retirement pay. The senate of the USA has passed its 2021 National Defense Authorization Act proposal on, July 23, 2020. However, this can also serve as a guideline and the White House or Congress can propose another figure. Increase of nearly 6% slated for Jan. 2022. If you click on an advertisement or link, I may be compensated. Military pay derives from the Employment Cost Index (ECI) formula and thedraft 2023 defense budget. Plus college stuff, landlording, moving, taxes. New pay rates are effective Jan. 1, 2023, and will first appearon Jan. 14, 2023, paychecks. . Military basic pay for O-6 and below is limited by level V of the Executive Schedule (EX). 'k.r EV"Pd.r EV"PI\Cu%5Y>\Ce"5d"{"WPERWy E./ Combat zone tax-exclusion pay for officers: The combat zone tax exclusion for O-1 and above is based on the basic pay rate shown in note 3 plus hostile fire or imminent danger pay, which is $225.00 per month (prorated). Rvq93sV{$Db Military basic pay for O-7 through O-10 is limited by the Level II of the Executive Schedule (EX). The decision affects approximately 70 million Americans and other federal . The 2022 military pay charts reflect a 2.7% increase in military basic pay. MORE: Veterans Can Buy a Home with $0 Down. pay under 2 2 3 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 grade 0-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 16974.90 . NOTE 2. Basic pay is taxable, unlike allowances. endstream endobj startxref (\ps+vX25\\ehX. ynA8[MI3.@,z"W/Ch } zU Cul0KciUlQAg*nsY$GEO='* We cover a little bit of everything. Enlisted Pay Chart (Less than 2 Years to Over 6 Years of Service) Enlisted Pay Chart (8 Years to Over 16 Years of Service) Enlisted Pay Chart (18 Years to Over 28 Years of Service) Enlisted Pay Chart (30 Years of Service) Enlisted Notes: Retirees who entered military service on or after Aug. 1, 1986, and opted for the Career Status Bonus (CSB/Redux retirement plan) have any COLA increases reduced by 1%, so they will see a smaller increase in 2022. Driven by inflationary pressures, the Department of Defense on Friday announced a 5.9% increase cost-of-living pay increase for most military retirees . Want 30+ Military / Veteran Discounts to use today? Please try again. (b) At age 62 and after: 2.5% times the number of years of service times the average of the member's highest 36 months of basic pay. Compare the rates, fees, and rewards of top credit cards for military servicemembers and veterans, including cards with waived annual fees under the SCRA. The Social Security Administration announced the increase in October of 2021, to take effect on January 1, 2022. 2022 Military Pay Chart. 161(c)). 2022 Military Pay Charts Enlisted: E-1 - E-3 2022 Pay Charts (2.7% increase from 2021) Enlisted: E-4 - E-6 2022 Pay Charts (2.7% increase from 2021) Senior Enlisted: E-7 - E-9 2022 Pay Charts (2.7% increase from 2021) Warrant Officers: W-1 - W-3 2022 Pay Charts (2.7% increase from 2021) Warrant Officers: W-4 - W-5 PAY ARCHIVE: 2014-2021; MILITARY RETIREMENT; VETERAN BUSINESSES; GI BILL FACTS; NEW GI BILL (post 9/11) MONTGOMERY GI BILL; DEPENDENTS EDUCATION; JOHN FRY SCHOLARSHIP . Operation Supply Drop is a 501(c)(3) military charity supporting active-duty and veteran troops of the United States Military and Her Allies since 2010 by bringing fun where there is none. 2022 Active Duty Enlisted Basic Military Pay Chart Monthly basic pay amounts are rounded to the nearest U.S. dollar and are for the active components of the Navy, Marine Corps, Army, Air Force, Space Force, and Coast Guard. The basic pay chart reveals a listing of settlement for the military participants. Overall, though, if youre like most U.S. Veterans and their families, your military retirement pay raise will be a huge boon to the security of your financial future. The new pay scale takes effect on January 1, 2022. VA disability rates for 2022 can be found here, How the Military Pay Raise 2022 Affects Your Salary, 3 of the Best Credit Cards for Military & Veterans in 2022. Military retirement in the United States is a system of benefits designed to improve the quality and retention of personnel recruited to and retained within the United States military.These benefits are technically not a veterans pension, but a retainer payment, as retired service members are eligible to be reactivated.The United States has maintained a military retirement program in one form . In terms of VA disability rates, 2022 will shell out an extra $8.50 each month based on an individuals total disability rating. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. If you have questions about Veteran programs offered through or by the Dept. The final pay raise is in line with President Joe Bidens budget proposal and the Employment Cost Index (ECI) formula of 2.7%. Troops received a 2.7% pay increase. Comment * document.getElementById("comment").setAttribute( "id", "a9f5f6854940409c82c8c64da0c3dde6" );document.getElementById("e335739449").setAttribute( "id", "comment" ); document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); These responses are not provided or commissioned by the bank advertiser. Having a constant income with a reward that without tax . Retired Military paydays are once a month. August 20, 2021 by GS Pay Scale. Paydays that would normally fall on one of those days are paid on the preceding business day. All information is completely confidential. The pay charts above do not include allowances likeBAH (basic allowance for housing),BAS (basic allowance for subsistence)or other incentives. All information is completely confidential.By clicking Get Discounts you agree to our Privacy Policy. More information about education benefits offered by VA is available at the official U.S. government Web site at www.benefits.va.gov/gibill, https://mymilitarybenefits.com/author/justinfisher/, https://mymilitarybenefits.com/author/rhaynes/, TRICARE, FEDVIP Dental & Vision Rates 2023, Military Families Guide to Back-to-School, DoD Priority Placement Program for Spouses, On June 30th, the House Appropriations Committee approved the fiscal year 2022, Military Construction, Veterans Affairs, and Related Agencies, Financial Planning For Your Next Deployment, TRICARE Dental and Vision Updates for 2022, TRICARE & FEDVIP Open Enrollment Begins [updated], Wounded Warrior Project's COVID-19 Relief Program, Military Base Guide: Los Angeles AFB, California, Troops Discharged for Refusing Vaccine May Be Allowed to Rejoin, What You Should Know About the VA Loan Funding Fee, Transition Employment Assistance For MIlitary Spouses and Caregivers, Protect Your Benefits: PACT Act Scam Warning, Programs, Certificates, and College Credit for Military Kids, VA Loan Funding Fee Exemptions For Disabled Veterans, COLA to Increase 5.9% for Retirees, Disabled Veterans in 2022, Military & Veterans Save with Military Discount Flights, Lowes Military Discount for Military and Veterans, Military Discounts on Golfing & Golf Gear, Waves of Honor: Discounted Admission for Military & Veterans, The VA loan funding fee is a one-time payment that the Veteran, service member, or survivor pays on a VA-backed or VA direct home loan, according to the VA official site. The military pay charts below are for all U.S. Armed Forces personnel, including the Air Force, Army, Coast Guard, Marines, Navy, Space Force and Reserves forces where applicable. The resulting percentage for the period to be applied toward January 2022 sits at 2.7%. Three Creeks Media, LLC 2023. I only promote companies that I love and trust. The 2023 military retiree pay raise will provide an increase of 8.7% for disabled Veterans and military retirees. E pay scale is Enlisted, W scale is Warrant Officer, O scale is Commissioned Officer. These pay rates were approved through the 2022 National Defense Authorization Act, commonly referred to as the "Defense Budget." Editorial Disclosure: Editorial content on The Military Wallet may include opinions. No tables, rankings or lists are fully comprehensive and do not include all companies or available products. of Veterans Affairs, please visit their website at va.gov. 10 of the Best Things To Do in Kingsville, TX, Near the Air Station, NAS Kingsville School Options: Day Care High School, San Diego Things To Do Near MCRD San Diego, Walter Reed Medical Center: In-Depth Welcome, RIP to Marine Scout Sniper Platoons, the Marine Sniper Role is Changing, The Marines are ditching Scout Sniper Platoons as the branch continues to transform. hSj@yL(fZ_jvRY 1455 0 obj <>stream October 14, 2022. Unsubscribe at any time. of Defense or any governmental entity. All Rights Reserved.Site development by Olive & Ivy Design. According to the DoD, most military retirees will receive a 5.9% increase to their retired pay beginning on January 1, 2022. On October 28, 2022 at 0830EDT, the United States Bureau of Labor Statistics released Employment Cost Index (ECI). HMkGko0[EBL"! Find the current 2023 military pay rates here. Allowances are the second largest component and there can be other monetary compensation such as special and incentive payments. The chart is made up based on 2 main variables: their rank and also their solution years, which related to their pay grade general. NOTE 1. 0 The military pay raise can be highly debated each year. Helping Military Families Make The Most of Their Money. Below are the 2023 pay charts for enlisted service members in every branch of the U.S. military. This builds on a 2021 pay increase of 3.0%. For more information, please see our Advertising Policy. This article may contain links from our advertisers. The COLA in 2022 is 5.9%, which amounts to $10-$90 per month. Hi! Frequently Asked Questions, 2023 Military Active & Reserve Component Pay Tables (PDF - Posted Jan. 2023) Military retirement pay is paid in arrears, meaning that the payment on the 1st of the month is for . Military retirement pay is paid on the 1st of the month, unless the 1st is on a weekend or holiday, in which case it is paid on the previous business day (the last business day of the previous month.) You might also be interested in the following high-value blog posts: Departments of Defense or Veterans Affairs. Find out how much home you can afford today. Your basic monthly rate is where your dependent status and disability rating meet. I hope that you find these calendars useful. This is to preclude the advantage. [(fvZt2g(QB2P E~{wJz\_AB!8wsA! Enter your email for updates and we'll send them straight to your inbox! Eligible survivors will also see their Special Survivor Indemnity Allowance (SSIA) increase by the same percentage. Retired Military paydays are once a month. The 2.7% pay raise came on the heels of a 3.0% raise in 2021, which was the second-largest pay raise in over a decade. monthly basic pay effective 1 january 2022 5h3QH%"]uP1"}lvQCv:j?`U?]oq}{9xAle^feY^7vuka@[0aO/k_[+L/E&Ur*mr*/?O}\%UzT-WG(O%OB}=L0pO}IoL?P8h N'Q.y PiKx%5XD ~s Survivors of retired military personnel will also see the Survivors Benefit Plan increase 5.9%. hj0_E/t-Kpf4PAKDbp`%{$5KJtw:~ aq,HcDa/ i5H*%z .$# (&]UtA >+MxY2%)lnI3:oHFzYU: =.^!c "_e0(s}ip.p1R{[MTT21 Combat Zone Tax Exclusion (CZTE)Information: Qualified Hazardous Duty Areas (Posted Mar. Neither Veteran.com nor Three Creeks Media are associated with or endorsed by the U.S. On December 15, 2021, by a vote of 89 to 10, the Senate passed their version of the 2022 National Defense Authorization Act. General Officer Pay Limits: Basic pay is limited to the rate of basic pay for level II of the executive schedule in effect during the calendar year 2022 for officers at pay grades O-7 through O-10. Any opinions are those of the author alone, and not those of an advertiser to the site nor of Veteran.com. Its important to note that many banks and credit unions offer early crediting of military retirement pay as a benefit to their customers (and to entice folks to bank with them!) He is a veteran of Operation Iraqi Freedom, who spent his last few years in the Army as a Drill Sergeant. The Labor Departments Bureau of Labor Statistics puts out this figure each year. Retired Military Retirement Pay Tables 2021 March 19, 2022 by Military Pay Chary Fundamental Military Pay Chart Military Pay Chart 2020 2020 Military Pay Chart for Basic Duty Enlisted (less than 2 to over 40 years) 2020 Military Pay Chart for Active Duty Officer (less than 2 to over 40 years) Military Pay Chart 2021 Crocker received both her bachelors and masters degrees from the University of Missouri School of Journalism and was a 2016-2017 White House Press Correspondents Association scholar. 2021 Military Pay Grade Chart for Active Duty Officer (less than 2 to over 40 years) 2021 Pay Scale For Retired Military - A military member that serves on basic task as well as active service is entitled to get an allowance, services, as well as benefits as organized by regulation. 10 Veterans Benefits You May Not Know About, Medal of Honor: Benefits, History and Facts, Veterans Employment and Training Service (VETS), Security Clearance Jobs After the Military, Unemployment Compensation for Ex-servicemembers (UCX), Military Spouse Career Advancement (MyCAA) Scholarship Program, Monthly Housing Allowance (MHA) for the GI Bill, 2023 Retired Military and Annuitant Pay Dates, 2023 Reserve and National Guard Drill Pay, For noncommissioned officers serving as Sergeant Major of the Army, Master Chief Petty Officer of the Navy or Coast Guard, Chief Master Sergeant of the Air Force, Sergeant Major of the Marine Corps, Senior Enlisted Advisor of the Space Force, Senior Enlisted Advisor to the Chairman of the Joint Chiefs of Staff, or Senior Enlisted Advisor to the Chief of the National Guard Bureau, basic pay for this grade is. Military basic pay depends on rank/pay grade and years of service. The new pay scale takes effect on January 1, 2022. 2022 Military Active & Reserve Component Pay Tables (PDF - Posted Dec. 2021) 2021 Military Active & Reserve Component Pay Tables (PDF - Posted Jan, 2021) Basic Pay Rates: Commissioned Officers (Posted Jan. 2023) Commissioned Officers Credited With Over 4 Years of Active Duty Enlisted and/or Warrant Officer Service (Posted Jan. 2023) Please share with your friends! Any Veteran who opted to retire under the REDUX system and who entered the military on August 1, 1986, or after, for instance, will see a 1% decrease in their total COLA, as will some military retirees who left the service during 2021. */
. In 2022, runaway inflation contributed to the big increase in this year's COLA, which will hopefully put consumers in the military community at ease as they face out-of-control cost increases and further supply chain snafus. Additionally, in most cases, survivors of members who died on. They do not account for non-taxable allowances such as BAS or BAH. Certain military members will not see the total retired military pay raise in 2022 due to a variety of circumstances. The Military Disability Pay Chart for 2022 is effective December 1, 2021 and includes a 5.9% COLA as determined by the Social Security Administration (the final 2022 COLA is based on the Bureau of Labor Statistics (BLS) report of September 2021 inflation data). Enter your information to join our mailing list. The cost of living adjustment for 2023 will be 8.7% for Social Security checks, VA disability compensation and other government pension and benefit programs. Some who filed pre-discharge claims with the VA found themselves in a gray area where VA loan funding fees are concerned, as. The content on this site should not be considered professional financial or legal advice. Kate does not represent the Department of Defense, the Department of Veterans Affairs, or any government agency. Justin Fisher is a currently serving with the Arkansas Army National Guard. The proposal includes, as expected, a 2.7 percent increase for military basic pay. 203(a)) for members of the uniformed services, as adjusted under 37 U.S.C. On December 22, 2021, President Biden released the "Executive Order on Adjustments of Certain Rates of Pay" which approves "The rates of monthly basic pay (37 U.S.C. of Veterans Affairs , the Dept. However, each year Congress must pass a bill to implement . Advertising Notice: The Military Wallet and Three Creeks Media, its parent and affiliate companies, may receive compensation through advertising placements on The Military Wallet; For any rankings or lists on this site, The Military Wallet may receive compensation from the companies being ranked and this compensation may affect how, where and in what order products and companies appear in the rankings and lists.