Links to thhe story are just starting to appear.
The authorization was for just under one trillion dollars.
If that article had the pay raise numbers, I missed it.
Active duty personnel will probably see a pay raise of 4.7%.
Retired military personnel saw their pensions rise the same percent as the social security COLA: 8.7%. This is not part of the Defense Authorization bill.
Another year or so of this and retirees will be paid more than active duty. Active duty, of course, receive additional pay and benefits that are not taxed.
There were times in my career when I could "bank" my entire basic pay and live off pay separate from basic pay (combat pay; hazardous duty pay; temporary duty pay; special pays; incentive pay; etc).
But, then, retirees, also get social security, which is taxed. So, it's probably a wash -- comparing active duty pay with retirement.
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