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  2. Here's How Much Extra Pay Military Retirees Are Likely ... - AOL

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  3. Military retirement (United States) - Wikipedia

    en.wikipedia.org/wiki/Military_retirement...

    Mounting costs led Congress to pursue reforms to the military retirement system during the 1980s. Under the National Defense Authorization Act of 1981, the military moved from calculating retirement benefits based on the "final pay," or base pay on the final day of active service, to the "High-3" system. [9]

  4. Military budget of the United States - Wikipedia

    en.wikipedia.org/wiki/Military_budget_of_the...

    As of 10 March 2023 the fiscal year 2024 (FY2024) presidential budget request was $842 billion. [b] In January 2023 Treasury Secretary Janet Yellen announced the US government would hit its $31.4 trillion debt ceiling on 19 January 2023; [16] the date on which the US government would no longer be able to use extraordinary measures such as issuance of Treasury securities is estimated to be in ...

  5. United States military pay - Wikipedia

    en.wikipedia.org/wiki/United_States_military_pay

    The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.

  6. Newly-Passed Defense Bill Gives Largest Increase to Military ...

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    Congress passed the $858 billion National Defense Authorization (NDAA) on Dec. 15, and the bill is now headed to President Joe Biden's desk. Government Shutdown: Framework for 2023 Spending Bill In...

  7. How Much Do Veterans Make From Military Retirement? - AOL

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  8. Salaries of members of the United States Congress - Wikipedia

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    For all members of the House of Representatives and Senate. Year. Salary. Per diem / annum. Auto COLA adj. In 2023 dollars (when instituted) In 2023 dollars (year prior to next increase) 1789. $6.

  9. States That Eliminated Income Tax on Military Retirement - AOL

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    The following states already do not tax military retirement pay at all: Alabama, Connecticut, Hawaii, Illinois, Iowa, Kansas, Louisiana, Maine, Massachusetts ...

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