In addition to salary increases, a new annual lump sum payment will be provided to members based on years of service, up to $6,000.
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Prime Minister Mark Carney has announced pay hikes for military personnel, ranging from 20 per cent for the lower ranks to an eight per cent boost for senior officers.
The total cost for the various elements of the new compensation and benefits package announced Friday will be $2 billion annually.
With the 20 per cent boost, the starting salary for a private in the regular force will increase from $3,614 a month or $43,368 annually to $4,337 a month or $52,044 annually. Reserve military personnel would get a 13 per cent boost. More at the link, & this is way overdue.
Military personnel above that basic rate, up to the rank of lieutenant colonel, will see a 13 per cent increase in pay, according to documents provided by the Canadian Forces. That would apply to both regular and reserve forces.
Colonels and generals, both regular and reserve forces, will receive an eight per cent pay hike.