2009 Military Pay Raise Proposed

2009 Military Pay Raise Proposed President Bush's administration has released his 2009 National Defense budget request. The administration is requesting an across-the-board raise of 3.4 percent in basic pay for all military personnel. If approved, this pay raise will go into effect on January 1, 2009.

Here are some common examples of what a 3.4 percent pay increase would mean:

• An E-4 with more than three years of service now earns $1,949.10 per month; that would rise to $2,015.40 a month
• An E-7 with more than 10 years of service now earns $3,263.10 per month; that would rise to $3,374.10 per month.
• An O-3 with more than six years of service now earns $4,763.10 per month; that would rise to $4,925.10 per month.

View the pay charts here. (Navytimes.com)