DFAS provides the chart and pay scale for Military Pay

Scale Military pay ChartWhat does DFAS stand for?
If you are not in service in a branch of the military, then chances are that you may not be aware of the DFAS stands for. DFAS stands for Defense Finance and Accounting Service. The Defense Finance and Accounting Service or DFAS is in charge of providing members of the military with their compensation. You may have wondered how individuals of the military are compensated for their hard work and bravery. Being a member of the military is much like holding a regular job. Members of the military are normally paid in bi-weekly pay periods or two times per month. Normally, the two pay days are during the middle and the end of the particular month.

The Defense Finance and Accounting Service is in charge of the compensation that members of the military receive
If you are interested in joining the military, but would like to have an idea of how much money you would be earning you can visit the Defense Finance and Accounting Service website where you can view charts, tables, and scales of proposed rate of pay. The Defense Finance and Accounting website will also provide you with information regarding military raises and retirement funds. The grade of compensation that members of the military receive is based on the ranking of the member and what branch of military that the individual is a part of. The Defense Finance and Accounting Service provide individuals with information pertaining to every aspect of finance in the military.

Pay raises in the military have changed
The Defense Finance and Accounting Service are linked to the pay raises of civilians. However, members of the military receive at least one half percent higher of an increase in pay than those of civilians. This was how the pay raises were calculated by the ECI or Employment Cost Index until 2006. The pay raises changed in the year of 2007 and then changed again in the year of 2008. In the year of 2007, pay raises in the military were set to equal the exact amount of the employment cost index percentage. As of 2008, military pay raise rates were changed from their previous standings and raised to a three percent increase and a three and a half percent employment cost index. The military pay raises still stand at the 2008 settings. However, these pay raise scales are subject to change at any given time that the Defense Finance and Accounting Service finds necessary.

The Defense Finance and Accounting Service handle every aspect of finances in the military
The DFAS is responsible for managing and maintaining every type of finances that individuals of each branch of military receive. These finances include; pay days, pay raises, retirement, civilian pay, injury pay, among many other payment types. The Defense Finance and Accounting Service provide information about each method of payment and how the pay scales are set. If you’re interested in joining the military, you should research pay on the DFAS website.