It's official. We knew it was coming, but didn't know exactly how it would look. Now we do.
Chief Warrant Officer 4 getting paid for 28 years of service.
2013 pay raise: $122/month (comes to between $0.38-$0.51 per hour)
2013 raise in taxes (FICA & tax on the $122 raise): $160
Best part is, and please don't forget, ......
If you draw a military pension, when you are eligible for SS, your pension is reduced by that amount, dollar for dollar....effectively telling your retired service members that they are expected to sacrifice for the greater good by contributing to SS, but they never get to draw from it.