Before leaving for Memorial Day, the U.S. House of Representatives passed its version of the 2012 defense authorization bill that includes a 1.6 percent pay raise for troops.
For a Limited Time receive a
FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with
customized information for your industry, location, and job.
Get Your Report Now!Reports Stars and Stripes, the bill also includes the first increase in Tricare fees in 15 years for working-age retirees not yet eligible for Medicare. The increase is about $30 per year for individual coverage plans and $60 per year for family plans, and includes increases of up to $3 co-pay for certain tier prescriptions.
The U.S. Senate must pass its version of the defense authorization bill and then the two bills must be reconciled and sent to the White House by the end of the summer.