Skip to comments.Retiree Benefits for the Military Could Face Cuts
Posted on 09/19/2011 8:12:18 PM PDT by Crazy ole coot
snip... By far the most contentious proposal circulating in Washington is from a Pentagon advisory panel, the Defense Business Board. It would make the military pension system, a defined benefit plan, more like a 401(k) plan under which the Pentagon would make contributions to a service members individual account; contributions by the troops themselves would be optional. Mr. Panetta has said that if adopted, the plan would not apply to current military personnel.
(Excerpt) Read more at nytimes.com ...
the house senate and white house need cuts too.
Well, someone has to sacrifice so the Illegals can get their freebees.....
I have a better idea! Why not cut the retirement benefits of Congress to the quick? They g9ot us here. It’s onl;y fair!
It makes perfect sense.
The military is about the only thing Washington has got right.
It therefore needs to be f - up as soon as possible.
How are the health and pension benefits of military retirees, social welfare? Umm...I would argue my husband earned it, unlike some others.
And just to clarify, I’m talking about illegals and welfare types.
Current retirees will not be affected by this, and not even a homosexual, drag queen or militant lesbian in the age of Obammy will think this “deal” is worth enlisting/reenlisting for no matter how many of his/her/its’ buddies go to sea with him/her/it.
Just one more way to disassemble that nasty old DOD and get AlGore’s long-sought “peace dividend”....
End all retirement benefits for all elected and appointed officials in government. Invite them to purchase their own retirement plans from the MORE than generous salary they take home. End all subsidizing of living outside of their own district - put bunks in one of those massive federal buildings for congresscritters to use when visiting, and forbid them from moving their families outside of their districts.
End vacations, end subsidized health care, end all benefits - they were elected or appointed to the position - they are not employees, but simply those who are serving their country, and well compensated for it. And if this doesn't work, restrict their salaries to be equal to a captain in the army for a congressman, and a colonel for a senator.
The pension was fully prepaid. Since 1984, the services have been required to set aside almost 1/3 of everyone’s base pay to provide for full funding of retirement.
Changing to a 401K system will INCREASE costs.
I earned my military retirement, and it is a small sum of money, about $16,000 a year, not even enough to make my house payment.
Quite right. Only I would not argue - I would insist. He earned every penny and more the hard way.
Even Jon Stewart skewered it.
Then he tried to freeze their pay for three years - it got shot down quickly, but he did it for social security - but don't call it a CUT!
My husband, who is disabled completely thanks to two tours in Viet Nam and exposure to AO has more than earned his and I have earned mine in my own right too.
When we both signed on the dotted line, part of the guarantee was that should we serve at least 20 years we would then have earned, with our retirement stipend, military benefits which would include medical care..When my DH was 65, for a short time he could be seen at the Military Treatment Faclity BUT he also had to have the secondary ins which at one time was Health Net and at a different time it was Secure Horizons. Then thanks to Colonel Day, Tricare For Life was put in place and now finally the medical benefit that was promised ( though the wonks in DC claim that was not part of recruitment packages though how could so many of us have heard it so wrong, was put in place. Now if the sacred cows in DC could get away with it they would take it away.
This same govt has fooled with the original retirement program and and now let’s find another way to treat our “heroes” by denying them the medical care that was promised and foul up the retirement pension in the bargain.
With the now in place don’t ask don’t tell removed...it will be interesting to see just who signs on the dotted lines now..
Wait until the govt has to pay for disability for illnesses brought on by behaviour! Stand by for a new round when the cost of STDs and Aids come into focus.
Make it a 401k plan, that the retire can take with them when they get out of the military. Military contributions stop when service stops. Retire can continue to contribute to 491K but not draw benefits until age 65
I am as patriotic as anyone, but I never would have stayed in 20 years unless I got the two things you mentioned. A retirement, and medical benefits. If they take those away, no one will make it a career. It really is about dollars and cents, or “sense,” depending on how you look at it.
they’ll gladly go after the pensions of military personnel... the people, above all others, that deserve a pension...
meanwhile, not one peep about all the money pouring into the local, state, and federal worker pensions. all the ‘public employees’ that made 2-3 times avg salary in HIGHLY stable jobs and retired on 6-figure pension plans.
cut THOSE pensions first... then *maybe* i’d consider looking elsewhere.
“theyll gladly go after the pensions of military personnel... the people, above all others, that deserve a pension...”
Now we ARE worse than the Third World; in the Third Wrold, the military are the most pampered class of people in the country that they serve in.
I know that I am dreaming but I think that military service should be a prerequisite for high government positions
I think so too; if our leaders were all disciplined through such training and experience, we would have bypassed a lot of messy troublemakers, specifically Carter and Clinton and now Obama. McCain is a bit of a dolt, but being subjected to torture can mess you up pretty badly and I think his flip flopping is a habit learned in the torture chamber of Vietnam; kind of like adapting to situations in which you’re held as a captive.
I agree with you on McCain. Jimmah Cawtah was a Naval officer. I think that spending a year on the DMZ in Korea and a year in Vietnam or some current hot spots would make a valuable difference. It would certainly add respect for the troops.
Hopefully this news will keep the freaks (homos) out.
I sent this to my congressman and senators. I think it speaks for itself:
In considering any changes to the military retirement pay system, please remember that: a) we served a minimum of 20 years to qualify,
b) It starts at 40 - 50 % of base pay depending on date of enlistment, it’s based on service 24 days per week, 52 weeks per year with sacrifice to self and family.
To save money, you might want to think about restructuring the tax funded congressional, senatorial retirement system and healthcare systems. A twenty year requirement as opposed to a completed one term requirement would be more in line today’s working man. Scaling back on staff and tax paid travel would also be a step in the right direction. Finally, I think that a resolution on your part that all congressmen and senators whose net worth is over $250,000 demonstrate leadership and institute a voluntary payback to the government of 25% of government income over and above what you already pay.
In light of the current talk and murmurs coming out of the beltway, I think that you will see that is a more than fair beginning to address a problem where the taxpaying vet is being asked to make sacrifices. I suggest that this is an opportunity for you to make the sacrifices that you want us to make. What do you think?
My thoughts exactly.
Welfare??? Piss off, coot.
Welfare??? Piss off, coot.
I was NOT calling military retirement welfare. I am military retired and earned every penny I get in retirement. I was just relating what was in an article.
Place congress and the illegal president on welfare before military retires and social security people.
Sorry, missed the quote marks that would have told me that.
Let’s start will all civilian federal employees, including Congress and the White House, immediately shifting to 401K retirement plans FIRST.
CHECK out the recent post on the cuts...I just posted it under editorials. Also, read this on a blog .. can’t believe that these idiots don’t think that the military should be entitled to retirement after 20 years. Obviously, they have not served. Active duty isn’t going clocking in the morning and going home in the evening. Active duty is giving up your life for 20 years of being told where to live, when to work, and leaving your family for months on end. It’s 24/7/365 job. It’s not like any other job in the world. So many Military members have missed out on birthdays, anniversaries, births, and other life changing events. I don’t think there is a current Congress member that would leave their family for an entire year to do their job. But the military has to. There are so many sacrifices that a person makes for 20 years. After 20 years they deserve to rake in the benefits. So what if they double retire? If it’s such a great deal then why are only 13% doing it? Why not come up with a system that benefits everyone in the military? What’s wrong with promoting a contributory retirement plan in ADDITION to the 20 year retirement plan? And for those that have the “tougher” jobs, those that qualify for hazardous duty pay should be paid more based on the amount of years hazardous duty pay was earned. I always ask civilians that complain about how great the military retirement and benefits are “Well, why aren’t you in the military? Why don’t you join? Why don’t you encourage your kids to join?” They all want to complain about the “great perks”.....but they don’t want to give up their freedom of being able to punch that clock in the morning and being able to do whatever they want in the evening, weekends, holidays. They don’t want to miss out on life changing family events....but they still want to complain about how easy the Military Members have it after they retire. IDIOTS!!!
If govt spending isn’t cut to balance the budget, then military funding and retirement will get cut.