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Here Comes the Gap Again…
February 23rd, 2012
♫Here comes the gap again, falling on our heads like a memory, falling on our heads like a new emotion…♬
Okay, bad play on the Eurythmics original, but anyway…
When the budget proposal for FY-2013 was released, Department of Defense (DoD) officials laid out a five year plan for military pay. For 2013 and 2014, the current law that dictates the use of the Employment cost Index will be utilized. DoD’s plan for 2015 through 2017 is to ask congress for a special provision that would provide for raises less than currently expected for those years based on the Congressional Budget Office (CBO) estimates of the cost of employment for the private sector. The CBO’s estimates are a reported 3.3% for 2015 and 3.5% for each year after.
DoD’s plan is to ask for just 0.5%, 1.0% and 1.5% military basic pay raise for 2015, 2016 and 2017, respectively. If the full five year plan goes forward as originally articulated and the CBOs estimates hold true, a majority of the gap in pay that took over a decade to close would once again be in place.
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