Personal Finance for Military, Veterans, and their Families
The proposed Defense Budget includes a 3.0% pay raise for all military members, including members of the Guard and Reserves. We have made this 2021 drill pay chart based on the 2020 Drill Pay chart combined with the 3.0% pay raise. It’s important to know that the pay raise is only a proposal until it […]
The 2020 military pay charts go into effect on January 1, 2020. This page includes the 2020 drill pay charts, which applies to members of the National Guard and Reserves. The drill pay charts include the base pay for each pay grade, as well as the amount you will earn per drill and per four […]
The White House has proposed a 3.0% military pay raise for 2021. We have put together these 2021 military pay charts based on the current proposal. Please keep in mind this pay raise must still be voted in by Congress before it will become law. If approved, the 2021 military pay charts go into effect […]
Congress voted in a 3.1% pay raise for the 2020 calendar year. The 3.1 percent cost-of-living pay increase for military members is the largest increase in 10 years. This pay raise also applies to members of the Reserves and National Guard. You should see this pay raise in the first paycheck of the year, which […]