The 2012 Military Pay Charts are out and many soldiers will be going over to see how it affects their current rank. This years change over last year is
roughly $20 to $30 more. These charts do not reflect BAH, BAS, or COLA. Click here for the current chart.
The military pay charts change each year, and military members are always very excited to see the increase. 2011 saw a host of issues involving military finances such as a government shut down which could have stopped military pay. There was also concerns over military benefits and retirement cuts. Currently these benefits are safe. Though this increase may not seem like much, it is roughly a maximum of over $360 a year more in pay.
The updated chart can be found at the Military Times site here. The chart goes from E-1 to O-10. There are always fluctuations and special circumstances, but the bottom of the chart states: Note: Monthly basic pay in 2011 for O-7s through O-10s is limited to $14,975.10 under Level II of the federal Executive Schedule. The cap for 2012 is not yet known.