Military pay can be hard to understand-at first. There are several types of compensation that may affect a military member’s total pay; some of them are considered “special pay” for duty or qualifications that warrant additional pay in the eyes of the Department of Defense, while other pay may be added for all servicemembers on…
An allotment is a designated amount of money that is automatically distributed for you, from your pay. There are many reasons to have an allotment, including setting aside funds for family, paying off a loan from the military, or paying for your life insurance premiums. The following summarizes what you need to know about allotments:…
The proposed military pay raise for fiscal 2021 in the Defense Department’s budget request, released Monday, is 3%, the second-highest pay raise for troops since 2010. The 3% raise, following 2020’s 3.1% bump, ensures that the troops will be “well compensated” and underlines DoD’s recognition that military and civilian personnel “are our most valuable resource” in carrying…
