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Retiree Benefits for the Military Could Face Cuts
New Youk Times ^ | JAMES DAO and MARY WILLIAMS WALSH

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 member’s 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 ...


TOPICS: VetsCoR
KEYWORDS: military; retirement; vets
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To: OldEagle

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.


21 posted on 09/20/2011 4:40:57 AM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru

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.


22 posted on 09/20/2011 6:53:10 AM PDT by OldEagle
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To: Mark17

Hopefully this news will keep the freaks (homos) out.


23 posted on 09/20/2011 8:45:30 AM PDT by USAF80
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To: Crazy ole coot

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?


24 posted on 09/27/2011 7:03:23 AM PDT by Kentucky Pete
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To: sten

My thoughts exactly.


25 posted on 10/16/2011 10:09:43 AM PDT by Rusty0604
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To: Crazy ole coot

Welfare??? Piss off, coot.


26 posted on 10/16/2011 1:13:38 PM PDT by j_tull (I may make you feel, but I can't make you think.)
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To: Crazy ole coot

Welfare??? Piss off, coot.


27 posted on 10/16/2011 1:13:46 PM PDT by j_tull (I may make you feel, but I can't make you think.)
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To: j_tull

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.


28 posted on 10/16/2011 2:13:23 PM PDT by Crazy ole coot (Mr. obama is not a legal President. He was/is a British Subject.)
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To: Crazy ole coot

Sorry, missed the quote marks that would have told me that.


29 posted on 10/16/2011 3:07:14 PM PDT by j_tull (I may make you feel, but I can't make you think.)
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To: Crazy ole coot

Let’s start will all civilian federal employees, including Congress and the White House, immediately shifting to 401K retirement plans FIRST.


30 posted on 10/16/2011 3:10:43 PM PDT by PapaBear3625 (When you've only heard lies your entire life, the truth sounds insane.)
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To: Crazy ole coot

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!!!


31 posted on 11/01/2011 12:20:46 AM PDT by katiedidit1
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To: katiedidit1

If govt spending isn’t cut to balance the budget, then military funding and retirement will get cut.


32 posted on 11/01/2011 12:33:08 AM PDT by Cvengr (Adversity in life and death is inevitable. Thru faith in Christ, stress is optional.)
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