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In the United States Navy, a rate is the military rank of an enlisted sailor, indicating where the sailor stands within the chain of command, and also defining one's pay grade. However, in the U.S. Navy, only officers carry the term rank, while it is proper to refer to an enlisted sailor's pay grade as rate.
Pay grades [1] are used by the eight structurally organized uniformed services of the United States [2] (Army, Marine Corps, Navy, Air Force, Space Force, Coast Guard, Public Health Service Commissioned Corps, and NOAA Commissioned Officer Corps), as well as the Maritime Service, to determine wages and benefits based on the corresponding military rank of a member of the services.
The fiscal year 2010 president's budget request for a 2.9% military pay raise was consistent with this formula. However, Congress, in fiscal years 2004, 2005, 2006, 2008, and 2009 approved the pay raise as the ECI increase plus 0.5%. The 2007 pay raise was equal to the ECI. A military pay raise larger than the permanent formula is not uncommon.
For example, if a sailor has the pay-grade of E-5 (rank of petty officer second class) and the rating of boatswain's mate, then combining the two—boatswain's mate second class (BM2)—defines both rank and rating in formal address or epistolary salutation. Thus, boatswain's mate second class (BM2) would be that sailor's rate.
Overall, Australia’s military personnel are paid the highest salaries, based on the fact that their Private and Corporal pay scale goes up to 10 Pay incentives. A Private in the Australian military will make $88,748 AUD (as of Nov 14 2019) without any bonuses after 10 years. When comparing the top countries, Canada came in second place.
Final Multiple Score, or FMS, is a calculation used by the United States Navy to determine whether or not enlisted sailors of the paygrades E-3, E-4, E-5, or E-6 are eligible to advance to the next paygrade. It involves six different categories, some of which are given more weight such as "Performance Mark Average" (PMA) and exam score ...
[1] - US DoD, The United States Military Rank Insignia All Warrant Officer grades are authorized, but not used by the Air Force [2] - Office of the Law Revision Counsel. "U.S. Code TITLE 42-THE PUBLIC HEALTH AND WELFARE, section 207(a)-Grades, ranks, and titles of commissioned corps (2006)" (PDF).
The pay grade for a U.S. Army officer candidate is E-5 (Federal OCS), or E-6 (state OCS) on the enlisted pay scale, unless the candidate previously achieved a higher enlisted rank. [7] For example, an E-7 who becomes a candidate would continue to receive E-7 pay. The OCS uniform is stripped of the rank patch which is replaced by the letters "OCS."