Projected Pay Raise For Military Retirees 2024. A key indicator points to a 5.2% military pay raise in 2024, higher than the 4.6% boost set to take effect in 2023 and the largest average increase in more than two decades. Dive into what this means for retired service members on military.net!
As part of the annual defense authorization bill passed by the house and senate earlier this month, troops will see a 4.6% pay raise starting in january. The pay bump endorsed by the national defense.