Senate agrees on pay raise for servicemembers

Lawmakers announced that they have reached an agreement on a $700 billion defense bill that includes a 2.4 percent across-the-board pay raise for military personnel, Government Executive reports.

The 2.4 percent pay raise matches one recommended by members of Congress from this summer and is higher than President Trump’s proposed 2.1 percent increase outlined in his fiscal 2018 budget proposal, according to the article.

The details of the proposal are available on the Senate Armed Services Committee’s website.

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Edward A. Zurndorfer Certified Financial Planner
Mike Causey Columnist
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