First On Cnn: Panetta To Recommend Pay Cut For Military

[teejay53]

Just days before he leaves office, Defense Secretary Leon Panetta is recommending military pay be limited, effectively decreasing troop salary next year.

Panetta will recommend to Congress that military salaries be limited to a one percent increase in 2014. The Pentagon has calculated that the 2014 Employment Cost Index (ECI) from the Labor Department is expected to be above one percent, but wants to still cut back on pay
due to “budget uncertainties,” one department official told CNN. In 2013, a 1.7 percent increase was approved, based on the ECI, which has been the basis for military pay for the last several years.

Three Pentagon officials have confirmed details of the plan to CNN. The Joint Chiefs of Staff have also agreed to Panetta’s proposed pay plan. Final approval for the pay would come from Congress in the form of the 2014 budget.

By Barbara Starr

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Article is here:

http://security.blogs.cnn.com/2013/02/06/first-on-cnn-panetta-to-recommend-pay-cut-for-military/

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Thought this may be of interest to all.

[Vync]

Well said, Halos

[Hollis]

Good points and well written

[carlie]

Keep the politics off the board !

[john999]

I guess what concerns us here is if active military has pay cuts what will happen to veteran benefits?

Shit trickles down hill while money flows upward.

[tanker2]

no thanks to leon . are military members are under paid in the first place!

[Pete53]

This budget is the result if sequestration goes through. Don't blame Panetta blame Congress.