You won’t find a single member of the military, of course, who thinks that they’re overpaid, but according to some federal mandates, they might be.
The Congressional Budget Office released a report Friday with some alternative approaches to setting military basic pay, ones that would slow the rapid growth pay scales have been seeing in recent years.
One would be creating a different cost index, though CBO found that their in-house test model didn’t really differ much from the Employment Cost Index year-over-year. Another, more impactful option, would be to use the ECI on the full complement of military compensation: not just basic pay, but the basic allowance for subsistence and the basic allowance for housing.
That way, those substantial expenses in addition to basic pay would be more standardized, and grow in proportion to each other. The Bureau of Labor Statistics creates the index yearly, averaging the growth of wages over the previous year.
Continue reading at the Military Times