Pay raise in the future?
FEDERALDaily reports that on May 7th, the Military Personnel Subcommittee of the House Armed Services Committee recommended a 3.9% raise (cost of living adjustment) for members of the armed services. In most years, civilian federal worker salary increases follow the same formula, although not without a fight.
Curiously, the most recent measurement of year to year inflation by the Labor Department is also 3.9%.
