5 Figures: Lt Col Air Force Salary Revealed
Understanding the Lt Col Air Force Salary Structure
The United States Air Force offers a competitive salary to its officers, including Lieutenant Colonels (Lt Col). The salary structure for Lt Col in the Air Force is based on the officer’s years of service, rank, and time in grade. In this article, we will break down the Lt Col Air Force salary and provide a comprehensive overview of the figures involved.
Basic Pay Scale for Lt Col
The basic pay scale for Lt Col in the Air Force is determined by the Department of Defense’s (DoD) pay tables. The pay tables are updated annually to reflect changes in the cost of living and other factors. As of 2022, the basic pay scale for Lt Col is as follows:
Years of Service | Basic Pay (Monthly) |
---|---|
16-20 years | $9,331.40 |
20-24 years | $10,144.40 |
24-28 years | $11,152.60 |
28-32 years | $12,242.40 |
32 years and above | $13,444.40 |
📝 Note: These figures are based on the 2022 DoD pay tables and are subject to change.
Allowances and Special Pays
In addition to basic pay, Lt Col in the Air Force may also receive allowances and special pays. These include:
- Basic Allowance for Housing (BAH): This allowance is provided to help offset the cost of housing. The amount of BAH varies depending on the location and the officer’s family size.
- Basic Allowance for Subsistence (BAS): This allowance is provided to help offset the cost of food. The amount of BAS is $254.39 per month for officers.
- Flight Pay: This special pay is provided to officers who fly. The amount of flight pay varies depending on the type of aircraft and the officer’s flight experience.
- Jump Pay: This special pay is provided to officers who participate in parachute operations. The amount of jump pay is $150 per month.
Education Benefits
The Air Force also offers education benefits to its officers, including Lt Col. These benefits include:
- Tuition Assistance: The Air Force provides tuition assistance to help officers pay for college courses.
- GI Bill: The Air Force participates in the GI Bill program, which provides education benefits to officers who have served at least 90 days of active duty.
Retirement Benefits
The Air Force offers a comprehensive retirement benefits package to its officers, including Lt Col. This package includes:
- Defined Benefit Plan: The Air Force offers a defined benefit plan, which provides a guaranteed monthly benefit based on the officer’s years of service and final pay grade.
- Thrift Savings Plan: The Air Force also offers a thrift savings plan, which allows officers to contribute to a retirement account.
Conclusion
The Lt Col Air Force salary is a competitive package that includes basic pay, allowances, special pays, education benefits, and retirement benefits. The salary structure is based on the officer’s years of service, rank, and time in grade. Understanding the Lt Col Air Force salary structure can help officers plan their careers and make informed decisions about their financial future.
What is the average salary for a Lt Col in the Air Force?
+
The average salary for a Lt Col in the Air Force is around $120,000 per year, depending on the officer’s years of service and time in grade.
What benefits do Lt Col in the Air Force receive?
+
Lt Col in the Air Force receive a range of benefits, including basic pay, allowances, special pays, education benefits, and retirement benefits.
How much does the Air Force pay for housing?
+
The Air Force provides a Basic Allowance for Housing (BAH) to help offset the cost of housing. The amount of BAH varies depending on the location and the officer’s family size.
Related Terms:
- Air Force colonel retirement pay
- Colonel Air Force salary
- Lt Colonel Air Force rank
- Lt col Air Force abbreviation
- Lt Colonel pay Marine Corps
- Lieutenant Colonel salary per month