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Plan Proposed To Cap Military Pay Raises

Freezing Salary Increases Could Have Impact On Local Economy

Michael Chen,10NEWS.com

Wednesday, August 22, 2012

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Economist Kelly Cunningham, who tracks military pay, said military raises have outpaced private sector raises for the last decade.
It now costs about $158,000 a year to maintain a servicemember, including benefits and housing, according to the Congressional Budget Office.
"The report is saying a cut in pay raise will not affect retention and recruiting because the private sector is so weak," said Cunningham.