Interesting insights from the Washington Times article:
In a letter to congressional leaders, Mr. Obama said the proposals are “an important step forward in protecting the long-term viability of the all-volunteer force, improving quality-of-life for service members and their families, and ensuring the fiscal sustainability of the military compensation and retirement systems.”
Mr. Obama said he has directed his advisers to refine some recommendations, and that the White House will report to Congress on any proposed changes by April 30.
Under the recommendations, the plan would continue to offer full retirement benefits to anyone who has served 20 years or more.
The Military Compensation and Retirement Modernization Commission issued a report in January report calling for shrinking the size of traditional military retirement pay by about 20 percent and offering a defined-contribution benefit for troops who separate before 20 years of service. Lawmakers of both parties raised sharp questions about the panel’s stated belief that the changes will satisfy service members while also saving money for the Treasury.
The commission’s proposal include decreasing the “multiplier” that the Pentagon uses to calculate traditional retirement pensions from 2.5 to 2.0, lowering the initial value of retirement checks by 20 percent.
Under the new plan, the Defense Department also would contribute up to 6 percent of basic pay into individual troops’ retirement savings accounts. The Pentagon already contributes 1 percent automatically, and the added contribution would go to all troops who serve more than two years, whether or not they chose to separate before 20 years of service.
http://www.washingtontimes.com/news/2013/dec/23/rep-paul-ryan-defends-cuts-military-retirement/
This man cut our Miltary pay no Bonus every year we got Bonus since he has been in we get nothing only the ones who work for him // IRS and all who Join his so called Corruptions /Disabilty and all get no raise nothing ////but illegals get a pay raise and all and all Muslims got a pay raise and all Billions of our Dallars over in Iran //yet he cuts all Vets and all no pay raise and yet he ups our Taxes he ups what ever he wants too do what ever makes Muslims more money he takes from all of us and gives .. only too Muslim friends .he is the first President that doesnt care what Americans have too say or think //he dont care about Veterans //only illegals and believe me i think we all know why ///he should have a big Cut in his money since he does nothing for this Country except letting Riots get out of line //Lets Hate groups kill White people ///they kill Cops //expecialy White Cops //we all no there is too many Communist Iranians running this Country ///and they need too be stoped ////’America Wake up ///gets worse before he will ever get out come 2017 im sure they will make sure of this /
C**k sucker would like a pay raise.
Exactly what time dos to their soldiers near their end
Obama is the worst ex-president we’ve ever had.
His attitude toward the U.S. Military is the very worst possible.
I hope our new President corrects all the mistakes Obama made.
I am very upset that we ever had him in the White House.
I served 28 years overseas with the Military.