Passed by the House Armed Services Committee last week: a $668 million military pay-raise bill. Likely to maintain its substantial form as it moves through the legislative process, the bill takes a firm step toward carrying out the recommendations of a study committee headed by General Electric President Ralph Cordiner, aimed at cutting the costly turnover in armed forces personnel by offering higher incentives for career service. Some representative pay raises by Army rank or equivalent: Present Rank Longevity Monthly Raise
Corporal 3yrs....
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