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By Amanda Miller, Military.com
12-22-23
President Joe Biden signed the annual defense authorization bill into law Friday afternoon, confirming the largest raise in military basic pay in decades.
The 2024 National Defense Authorization Act, or NDAA, was approved by Congress this month. It backed the increase for active-duty service members and reservists.
Current troops get a big bump in basic pay for the second year in a row starting in January, while veterans will receive an above-average increase as well. Common allowances are also going up.
2024 Basic Pay Raise
Active-duty troops and drilling Guard and reserve members will receive a 5.2% pay raise in January, the largest increase since getting a 6.9% raise in 2002.
Set according to an established formula, the 5.2% raise was part of Biden’s fiscal 2024 budget request to Congress and was included in the House, Senate and conference versions of the National Defense Authorization Act, or NDAA, before receiving the president’s signature.
Read the full article here: Biden Signs Law Backing Military Pay Increase for 2024. Here’s How Much More You’ll Get. | Military.com
