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Biden Signs Law Backing Military Pay Increase for 2024 Here s How Much More You ll Get

Current troops get a big bump in basic pay for the second year in a row in 2024. Veterans receive an above-average increase as well, and common allowances are also going up.

2023 Military Pay Raise Will Be the Largest in 20 Years

The largest military pay raise in decades is coming in 2023 for active-duty troops as part of the annual defense authorization bill expected to be approved by Congress this month.

Transcripts for CNN The Lead With Jake Tapper 20131217 21:08:00

get together on a bipartisan basis, particularly to protect our disabled veterans who are going to see a cut to their retirement, the colas they should receive under it, we should do it. people are so anxious to get home for the holidays, how about we work a little harder and stay longer if we have to to resolve this on behalf of our men and women in uniform. this is very important to them and given what they ve done to our country, i think we could do that. hard to disagree with that. let me play devil s advocate for a second because i have heard some proponents of this budget argue that this is a commonsense reform, it reduces annual cost of living adjustments in veteran pay by 1% but i m told it s not for those who are disabled. you re saying it is. it is. osd, the defense department, this morning told me and told my office after we pushed them for an answer that it applies to

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