Understanding the Basics of Two-Star General Pay
A two-star general, also known as a major general, is a high-ranking officer in the military. Their pay is determined by a complex system that takes into account factors such as time in service, time in grade, and basic pay. However, there are some surprises that come with being a two-star general. In this article, we will explore six ways that two-star general pay can surprise you.
1. Higher Pay than Expected
One of the biggest surprises of being a two-star general is the higher pay than expected. According to the military pay chart, a two-star general can earn up to $189,600 per year, depending on time in service and time in grade. This is significantly higher than the average salary in the United States.
Breakdown of Two-Star General Pay:
- Basic Pay: 16,072.40 - 18,261.60 per month
- Allowances: 1,500 - 3,000 per month
- Bonuses: 10,000 - 20,000 per year
đŸ‘¥ Note: Pay can vary depending on individual circumstances, such as time in service and time in grade.
2. Additional Benefits
In addition to basic pay, two-star generals also receive additional benefits that can surprise you. These benefits include:
- Housing Allowance: A tax-free allowance to help cover the cost of housing
- Food Allowance: A tax-free allowance to help cover the cost of food
- Health Insurance: Comprehensive health insurance coverage for themselves and their families
- Retirement Benefits: A pension plan that provides a guaranteed income stream in retirement
Retirement Benefits for Two-Star Generals:
- Pension: 50% - 75% of final pay, depending on time in service
- Health Insurance: Continued health insurance coverage in retirement
- TRICARE: Access to TRICARE, the military’s health insurance program, in retirement
3. Special Pays
Two-star generals are also eligible for special pays that can surprise you. These pays include:
- Hazardous Duty Pay: Additional pay for serving in hazardous duty positions
- Jump Pay: Additional pay for serving in airborne positions
- Dive Pay: Additional pay for serving in diving positions
Special Pays for Two-Star Generals:
- Hazardous Duty Pay: 150 - 500 per month
- Jump Pay: 150 - 500 per month
- Dive Pay: 150 - 500 per month
4. Tax Benefits
Two-star generals also receive tax benefits that can surprise you. These benefits include:
- Tax-Free Allowances: Housing allowance and food allowance are tax-free
- Tax-Deferred Retirement Savings: Contributions to the Thrift Savings Plan are tax-deferred
Tax Benefits for Two-Star Generals:
- Tax-Free Allowances: 1,500 - 3,000 per month
- Tax-Deferred Retirement Savings: Contributions to the Thrift Savings Plan are tax-deferred
5. Education Benefits
Two-star generals also receive education benefits that can surprise you. These benefits include:
- GI Bill: Eligibility for the GI Bill, which provides education benefits for themselves and their families
- Tuition Assistance: Eligibility for tuition assistance, which provides financial assistance for education expenses
Education Benefits for Two-Star Generals:
- GI Bill: Up to $26,381 per year for education expenses
- Tuition Assistance: Up to $4,500 per year for education expenses
6. Perks and Privileges
Finally, two-star generals receive perks and privileges that can surprise you. These perks and privileges include:
- Aide: Eligibility for an aide, who provides administrative support
- Staff Car: Eligibility for a staff car, which provides transportation
- Official Residence: Eligibility for an official residence, which provides housing
Perks and Privileges for Two-Star Generals:
- Aide: One aide, who provides administrative support
- Staff Car: One staff car, which provides transportation
- Official Residence: One official residence, which provides housing
In conclusion, being a two-star general comes with many surprises, including higher pay than expected, additional benefits, special pays, tax benefits, education benefits, and perks and privileges. While the pay and benefits of being a two-star general are significant, they are only part of the overall compensation package.
How much does a two-star general make per year?
+
A two-star general can earn up to $189,600 per year, depending on time in service and time in grade.
What are the education benefits for two-star generals?
+
Two-star generals are eligible for the GI Bill and tuition assistance, which provide education benefits for themselves and their families.
What are the tax benefits for two-star generals?
+
Two-star generals receive tax-free allowances, including housing allowance and food allowance, and tax-deferred retirement savings through the Thrift Savings Plan.
Related Terms:
- 2 star general retirement pay
- 1 star General salary
- 5 star General salary
- 7 star general salary
- Major General retirement pay
- Major General salary Air Force
