Low pay raises and/or high inflation is good news for me if I choose CSB/REDUX retirement.
Obama to request 1.4% pay raise for 2011 – Army News, news from Iraq, – Army Times
President Obama will seek a 1.4 percent military pay raise for 2011 as part of his defense budget request that will be unveiled Feb. 1, according to a point paper issued Tuesday by the White House. If approved by Congress, it would be the smallest annual military pay raise since the birth of the all-volunteer force in 1973, a reflection of the lingering recession’s dampening effect on wage growth and living costs. The next-smallest raise in the volunteer era was a 2 percent increase in 1988. In contrast, the pay raise for this year, which took effect Jan. 1, was a robust 3.4 percent.