2009 Military Benefits
The benefits available to military service members are altered on a periodic basis. The National Defense Authorization Act is enacted yearly, and this act takes into consideration current economic conditions and how they might impact military compensation. 2009 was no different than any other year, as the military benefits available experienced notable changes.Probably the most concerning benefit of a military service member is basic pay. After all, a military service member needs to be able to fulfill his or her own financial needs in addition to the financial needs of family members or other dependents. In 2009 alone, basic pay increased almost 4% when compared to the previous year. This rate increase is said to be much higher than the rate increases that were given to regular civilians, demonstrating that the military aims to place considerable emphasis on its members efforts.Another benefit worth noting is the allowance for housing. Since housing prices and general costs of living change regularly, the military recognizes a cost of living adjustment to ensure that service members are being compensated appropriately. The Department of Defense conducts research every year to determine the general living costs in particular areas. The military increased the cost of living allowance in 2009 by 7%, providing service members with more opportunity to seek comfortable living arrangements.The last benefit worth noting is the military bonus plan. All military personnel are eligible to receive bonuses, as the organization aims to provide proper incentive to its members. Among the military personnel in 2009 who are expected to receive bonuses are nurses, nuclear engineers, and foreign language representatives. With the dynamically changing economy, it is fortunate that the military has a system in place to help provide military service members with an adequate compensation package.
