ALERT TO ALL MILITARY AND VETERANS -- Military Pay and Benefits Panel to Recommend Killing 20-Year Retirement
The Military Compensation and Retirement Modernization Commission will release its long-awaited report Thursday, which will propose fundamental changes to military benefits including ending the 20-year retirement, according to the Military Times, citing sources familiar with the report.
The plan calls for Congress to create a hybrid system of smaller defined-benefit pension along with more cash-based benefits and lump-sum payments. A significant portion of retirement benefits would come in the form of government contributions to 401(k)-style investment accounts, those familiar with the report told Military Times.
In addition to the 401(k) for troops serving less than 20 years, the commission will suggest promising a pension to troops who serve a long-term career, but one that would be more modest than what military retirees receive today, a defense official briefed on the plan told the Times.[…]
According to the Times, the commission will also propose:
a change in health care benefits for current military families and retirees — Tricare customers could move into the health care coverage provided to federal employees;
a new health care allowance for troops designed to cover some expenses, such as doctor-visit co-pays and eyeglasses.
a new four-star medical command to oversee military health care, a significant break from the tradition of each service operating its own health care system.
keeping current commissary benefits, to include continuing to sell products at cost plus 5 percent surcharge. A separate DOD budget proposal is expected to call for increasing prices to operating costs.
consolidating the commissary and exchange systems. Initially, they would keep their separate branding — Navy Exchange, Defense Commissary Agency, etc. — but eventually would be combined.
building more child development centers on military bases.
Read more at http://redflagnews.com
Source: http://www.redflagnews.com/headlines/alert-to-all-military-and-veterans-military-pay-and-benefits-panel-to-recommend-killing-20-year-retirement
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Whistler Blowers, Insiders
Well the US military has become little more than a warlord army protecting interests of the zionist bankers and are used to secure oil interests and for that they are willing to become babie killers.
Sorry guys but my heart will not bleed over your pensions and the reason it needs to be cut is because they must want to increase the number of wars that yanks are fighting on the other side of the world.
You are an occupation force in Europe and its time you all went home because we don’t want or need you over here telling us what we can do.
No one should receive a pension for govt service….
These guys were duped and under orders they did not know it was all part of the failed ideology of a few greedy men who Put there name to the dumbest ideology ever to come out of any nation THE PROJECT FOR THE NEW AMERICAN CENTURY… these guys have earned every penny (dime) of their retirement – they should round up authors of PNAC and strip them of wealth – you would probably be able to pay off nation debt and inject the impetus back into your economy and nation – if the need arises that you have to wrestle your freedoms back from a corrupt congress then these guys are going to be your first port of call – they know what honour dignity and respect are qualities that politicians can only dream…tour politicians will sell you and abandon at first opportunity (like they already have) these guys will defend you – they have earned there valour – dignity – respect and reward from an American nation that sent them to war on high public opinion after 911 – what have your politicians earned or learned from all this – to write you off as a nation and populace for debt to keep them on the gravy train – while you languish in low paid labour – you have have all been duped by the corrupt authors of PNAC….