best answer > How much money does a lieutenant colonel in the army make?- QuesHub | Better Than Quora
  • How much money does a lieutenant colonel in the army make?

    $83,988 $8,446 $101,352

    Questioner:Harper Bell 2023-06-11 11:44:25
The most authoritative answer in 2024
  • Oliver Wilson——Works at the International Finance Corporation, Lives in Washington, D.C., USA.

    As an expert in military compensation, I can provide you with a detailed breakdown of the salary for a lieutenant colonel in the U.S. Army. It's important to note that the pay for military personnel is determined by a variety of factors, including years of service, rank, and any additional allowances or bonuses that may apply.

    Step 1: English Answer

    The salary for a lieutenant colonel in the U.S. Army can vary significantly based on several factors. The base pay is determined by the Defense Base Pay Chart, which is updated annually to reflect changes in the cost of living and other considerations. In addition to base pay, military personnel receive various allowances and bonuses, which can increase their overall compensation.

    As of my last update, a lieutenant colonel (O-5) with between 12 and 14 years of service could expect to earn a base pay of approximately $6,999 per month, which equates to an annual salary of around $83,988. However, this is just the base pay and does not include other forms of compensation.

    The maximum base pay for an O-5 rank is achieved after approximately 22 years of service. At this point, a lieutenant colonel could earn a base pay of about $8,446 per month, or $101,352 per year. Again, this is the base pay and additional compensation can increase this figure.

    In addition to base pay, a lieutenant colonel may receive several types of allowances and bonuses, including:


    1. Basic Allowance for Housing (BAH): This is a monthly allowance intended to offset the cost of housing when government quarters are not provided. The amount is based on the location of the duty station, the rank of the service member, and their dependency status.


    2. Basic Allowance for Subsistence (BAS): This is a small monthly allowance intended to help cover the cost of meals when not in a field environment or not in a chow hall.


    3. Combat Pay: Service members in designated combat zones may receive extra pay for the risks and hardships associated with combat duty.


    4. Hazardous Duty Pay: This is additional pay for those who perform duties that are deemed hazardous.


    5. Special Pay and Incentives: These can include various bonuses for things like reenlistment, educational benefits, and other special skills or duties.


    6. Tax Advantages: Military pay has certain tax advantages. For example, the value of the BAH is tax-free if the member does not live in government housing.

    It's important to remember that these figures are estimates and the actual pay can vary based on the specific circumstances of the individual service member. Factors such as deployment, cost of living adjustments, and changes in military pay scales can all affect the total compensation package.

    Step 2: Divider

    read more >>
    +149932024-05-08 06:31:51
  • Benjamin Lee——Works at Facebook, Lives in Menlo Park, CA

    A lieutenant colonel with between 12 and 14 years of service was paid $6,999 a month, or $83,988 a year. The maximum pay for an O-5 was $8,446 a month, or $101,352 a year, earned after 22 years of service.read more >>
    +119962023-06-17 11:44:25

About “$83,988、$8,446、$101,352”,people ask:

READ MORE:

QuesHub is a place where questions meet answers, it is more authentic than Quora, but you still need to discern the answers provided by the respondents.

分享到

取消