Radical overhaul of military retirement eyed - CBS News
We're all told upon enlisting in the military that we can retire after 20 years of service. However, a recent pentagon sponsored-study is now indicating that retirements after 20 years are unaffordable. They claim that 401Ks should be used for military pensions. Furthermore, they want to raise the age that a retired servicemember is eligible to collect their 401ks. But they do say it will be more fair for those that don't stay a full 20 years since they will be able get "something" from their service.
I did 5 years and got out. I'm getting a college education out of my service, I'd hardly say say I walked away with "nothing." Retired military vets are guys that busted their ass for 20 years or more in hellhole countries working ridiculous hours, got shot at, and spent irreplaceable time away from their families when they deployed. How about we not cut benefits to Federal employees that are actually useful.
We're all told upon enlisting in the military that we can retire after 20 years of service. However, a recent pentagon sponsored-study is now indicating that retirements after 20 years are unaffordable. They claim that 401Ks should be used for military pensions. Furthermore, they want to raise the age that a retired servicemember is eligible to collect their 401ks. But they do say it will be more fair for those that don't stay a full 20 years since they will be able get "something" from their service.
I did 5 years and got out. I'm getting a college education out of my service, I'd hardly say say I walked away with "nothing." Retired military vets are guys that busted their ass for 20 years or more in hellhole countries working ridiculous hours, got shot at, and spent irreplaceable time away from their families when they deployed. How about we not cut benefits to Federal employees that are actually useful.