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DoD proposes revolutionary changes in retirement benefits

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  • DoD proposes revolutionary changes in retirement benefits

    After years of silence on the intensely controversial issue of military retirement reform, the Pentagon on Thursday unveiled a detailed proposal for fundamental, far-reaching changes to the current pension system, Military Times has learned.

    The changes would preserve the current system’s defining feature of a 20-year, “cliff-vesting,” fixed-income pension. But it would ultimately provide smaller monthly checks, according to documents obtained by Military Times.

    More: http://www.armytimes.com/article/201...ement-benefits
    Last edited by SF Hunter; March 7th, 2014, 12:14 PM.
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