Defense Share of Total Federal Spending

2016 Defense Budget

President Obama has released the defense budget proposal which among other things sets 2016 military compensation and benefits. The proposed military pay increase for fiscal year 2016 is 1.3% according to the FY 2016 defense budget proposal. See the Proposed Military Pay Charts based on a 1.3% increase. Highlights of the Defense Budget and Effect on Military and Veteran Benefits 1.3% proposed pay raise for 2016 compared to 1% the last two years and … [Read More...]

BAH Basic Allowance Housing Rate

2016 BAH (Basic Allowance for Housing) Rates

The 2016 BAH rate is projected to be increased by 1.5%. However, the defense budget also includes a plan to slow BAH growth to achieve a 5 percent out-of-pocket cost.  Building on the 1 percent out-of-pocket adjustment authorized in the FY 2015 National Defense Authorization Act.  The FY 2016 proposal gradually slows the annual BAH increases by an additional 4 percent over the next 2 to 3 years until rates cover 95 percent of housing rental and utilities costs. BAH rates are part of the … [Read More...]

Military-money

2016 Military Pay

The 2016 military pay increase is proposed at 1.3% and would be effective January 1st, 2016.  The last two years the military pay increase has been 1% or .8% less than the private-sector wage growth. The proposed military pay increase is based on the defense budget President Barack Obama delivered to Congress.  The National Defense […]

More on Housing & VA Loans

More on Education