The 2.6 percent increase in basic pay that took effect Tuesday, the largest boost since the 3.4 percent pay hike in 2010, is 0.3 percentage points above last year's raise.

Do military service members make more money than civilians over a career? There is no simple answer. Comparing civilian pay to military compensation can seem like apples and oranges.

In fact, the government may even pay you to travel overseas to retire! Retirees generally have no restrictions on what country they can retire in when they leave the military.

Even when host countries such as Japan pay for some of the expenses, it costs on average $10,000-$40,000 more per year to station a member of the military overseas rather than at a domestic base.

The military, however, appears headed for a bigger boost. Lawmakers increased Trump's proposed 2.1 percent military pay raise to 2.4 percent when passing the fiscal 2018 National Defense ...

The two studies GAO analyzed -- a 2007 Congressional Budget Office report and a 2008 Defense-commissioned CNA Corp. report -- both found that military pay “compares favorably” with civilian pay.

The military pay chart varies greatly when it comes to how much is being paid to service members based on their rank and length of service. Here is a list of how much troops can earn while on active.

Over the past couple of decades, the military in general has seen regular annual pay raises, designed to close a military-civilian wage gap. Currently (CY 2021), a first-year psychologist or ...

The military, however, appears headed for a bigger boost. Lawmakers increased Trump's proposed 2.1 percent military pay raise to 2.4 percent when passing the fiscal 2018 National Defense ...