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2010 Military Pay Increase Passed!

By
Real Estate Agent with RE/MAX Coastal Properties

Military Pay Update: President Obama signed the 2010 National Defense Authorization Act which includes a 3.4 % pay increase for all military members. This raise is actually only .5 percent lower than the 2009 military pay increase. However, considering current economic conditions this may prove to be a generous increase.  While it's not a huge pay increase, it is nonetheless an increase, and in military life every little bit helps.  Althought nothing can replace family being separated by deployments, it's sort of like after the doctor sticks you with that needle, then gives you that sucker to make it better.  Nope, I still hate needles!  ( and before somebody goes all Fox News on me for trying to compare deployments to doctor visits, don't even think about it! I've had my share, and been to places you've never heard of, so zip it!)

The 2010 military pay increase will go into effect on January 1, 2010 and will be reflected in your 15 January pay, so don't look for it on the 1st.  If you came in delayed enlistment like I did, I received my longevity pay (every two years) in January plus the pay raise.  Yeay!

Take a look at the 2010 Military Pay Raises to see what next years pay will look like:

Each year the BAH (Basic allowance for Housing) tables are released between December 15 and January 1. Military members received an average 6.9 % increase in 2009 for their housing compensation. You can expect to see the 2010 BAH tables updated at that time.  No predictions on whether it will increase or remain the same.

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 karenbutler realtor      Karen Buter, Realtor

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Karen@KarenButler.com

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Kris Wales
Keller Williams Realty - Lakeside Market Center - Macomb, MI
Real Estate Blog & Homes for Sale search site, Macomb County MI

Karen, this is fabulous news for our military members.  Thanks for letting us all know about it!

Nov 09, 2009 09:34 PM
Karen Butler
RE/MAX Coastal Properties - Fort Walton Beach, FL
Eglin AFB/ Fort Walton Beach /Destin Relocation

You are very welcomed.  Guess I'm not the only one awake.

Nov 09, 2009 09:39 PM
Stanton Homes
Stanton Homes - New Home Builder - Raleigh, NC
Design/Build Custom Home Builder in North Carolina

Karen - great information.  We've had several pieces of good news for military families lately, and good timing with Veteran's Day!

Nov 09, 2009 09:42 PM
Debbie Cullen
REMAX Realty Team-Cape Coral, FL - Cape Coral, FL
Your Cape Coral, FL Specialist

Thanks for the great news Karen! Not many pay increases going around for anyone these days but our military people deserve it!

~Deb in Cape Coral, FL

p.s. great photo

Nov 09, 2009 09:45 PM