Balance of 2023 CAF Economic Increase Expect End November

Canadian Armed Forces Personnel can expect the economic increase lump sum payment at the end of November.

“As detailed in CANFORGEN 119/23, the retroactive lump-sum payment of the revised economic increase for non-commissioned members, general service officers (LCol and below), pilots, medical and dental officers will appear on the end-November pay,” said Public Affairs Officer Capt. Geneviève Paris. “To date, no members have received this payment, and the details of the payment will be included on the next pay statement.”

Treasury Board of Canada Approved

Released on Aug. 3, 2023, the CANFORGEN informed CAF personnel that on June 22, 2023, the Treasury Board of Canada had approved a supplemental increase to the prior economic increase.

The economic increase rates amendments are as follows:

  • 1.5 per cent, effective April 1, 2021, no change,
  • 4.79 per cent, effective April 1, 2022, compounded increase of 1.29 per cent,
  • 3.0 per cent, effective April 1, 2023, no change, and
  • 2.26 per cent, effective April 1, 2024, compounded increase of 0.26 per cent.

Appear End-Nov Pay

“Members received their lump sum payments for the retroactive increases announced for the period of 1 Apr 21 to 30 Jun 23, on their mid-Jul. Pay,” noted the CANFORGEN. “The retroactive lump sum payment for the supplemental increase effective 1 Apr 22 announced on this message will appear on the end-Nov pay.”

The CANFORGEN noted that more information on the economic increase could be found here.

Above image: Canadian Armed Forces personnel step off a Boeing CC-177 Globemaster at the Danylo Halytskyi International Airport in L’viv, Ukraine, on August 25, 2015, marking the beginning of Operation UNIFIER, Canada’s military training mission in support of the Ukrainian Armed Forces. OP UNIFIER – DND, Joint Task Force Ukraine.

Show More

Leave a Reply

Canadian Military Family Magazine