The military pay raise for 2017 might be a bit underwhelming
The U.S. military has a reputation for being overworked and underpaid.
But we all knew that going in.
The virtue of service and pride of wearing the uniform makes up for much of the disparity in pay compared to the civilian market. Still, it's nice to get that bump in our paychecks every year.
Yet, the pay increase for 2017 won't be so big. In an August 2016 letter to Congress, President Obama announced a 1.6 percent raise for the armed forces, consistent with the budget he sent to The Hill earlier in the year.
(White House photo)
Across-the-board pay increases for other federal employees will be 1 percent.
"These decisions will not materially affect our ability to attract and retain a well-qualified Federal workforce," Obama said in his letter to Congress.
Pay raises for the military peaked in 1983 when President Reagan instituted a 14.3 percent pay raise. Since then, the increase hovered steadily between 3 and 5 percent, with an average of 4.2 percent, according to the Congressional Research Service.
Military pay raises since 1977.
When Congress agrees on how much it will be, the military pay raise will go into effect on January 1, 2017.