The President is proposing a 4.6% pay raise, and you can read about all of the budgetary proposals here:
Most relevant to us from this article from MOAA are the following sections:
Temporary one-year halt to military medical billet cuts: This NDAA requires a Government Accountability Office (GAO) evaluation on the DoD analyses used to support any reduction or realignment of military medical manning. DoD is also required to report to Congress on the number of uniformed and civilian personnel assigned to a military treatment facility (MTF) as of Oct. 1, 2019, and a comparable accounting as of Sept. 30, 2022. If the number in 2022 is less than the number in 2019, DoD must provide a full explanation for the reduction to demonstrate compliance with past provisions halting medical billet cuts.
Pay raise: A 2.7% raise for servicemembers keeps pace with the Employment Cost Index (ECI), but does not address the 2.6% gap behind ECI from previous years. The House Rules Committee asked the House Armed Services Committee to look for further increases in the next NDAA, given concerns over junior enlisted family financial problems.
Enhanced parental leave: Primary and secondary caregivers for the birth, adoption, or long-term foster placement of a child will be authorized up to 12 weeks of paid parental leave. This is a significant increase for Navy and Marine Corps secondary caregivers, who currently only have two weeks of parental leave.