Funny thing about the image of the men who are making this change. Not one of them is wearing a uniform. That indicates that they are all civilians.
They want to do away with the twenty year retirement option. That will make it even less attractive to join up. Military people work long hours, get mediocre pay and their benefits are being constantly cut, many serve in really hazardous duty, and now there’s this… another progressive attack on our military.
From the Stars and Stripes:
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.”