Your 2009 pay raise

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Find out how much you might make in 2009.


Your 2009 pay raise
By William H. McMichael - Staff writer
Posted : Monday Feb 4, 2008 5:30:21 EST

The Bush administration is seeking a 3.4 percent raise for all service members next year — the minimum that could be requested under federal law and an amount that advocacy groups are already saying is too small.

The proposed raise, part of the White House’s 2009 defense budget request to be unveiled today, would equal the average growth in private-sector wages in 2007, as measured by the Department of Labor’s Employment Cost Index, or ECI. As such, it would be the minimum raise allowable under current law.

Military pay is tied by law to the ECI, which tracks quarterly changes in compensation for most private-sector and all state and local government employees.

Here are some examples of what a 3.4 percent pay increase would mean:

• An E-4 with more than three years of service now earns $1,949.10 per month; that would rise to $2,015.40 per month on Jan. 1 under the Pentagon plan.


Rest of article at: http://www.armytimes.com/news/2008/02/military_09_payraise_080204w/