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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
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
1 posted on 09/19/2011 8:12:26 PM PDT by Crazy ole coot
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To: Crazy ole coot

the house senate and white house need cuts too.


2 posted on 09/19/2011 8:17:49 PM PDT by television is just wrong
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To: Crazy ole coot

Well, someone has to sacrifice so the Illegals can get their freebees.....


3 posted on 09/19/2011 8:18:24 PM PDT by rbg81
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To: Crazy ole coot

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!


4 posted on 09/19/2011 8:23:47 PM PDT by Paperdoll (NO MORE RINOs!)
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To: Crazy ole coot

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.


5 posted on 09/19/2011 8:26:31 PM PDT by I cannot think of a name
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To: Crazy ole coot

How are the health and pension benefits of military retirees, social welfare? Umm...I would argue my husband earned it, unlike some others.


6 posted on 09/19/2011 8:34:36 PM PDT by rangerwife (Proud wife of a Purple Heart Recipient)
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To: rangerwife

And just to clarify, I’m talking about illegals and welfare types.


7 posted on 09/19/2011 8:36:47 PM PDT by rangerwife (Proud wife of a Purple Heart Recipient)
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To: Crazy ole coot

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”....


8 posted on 09/19/2011 8:38:32 PM PDT by Bean Counter (Obama got mostly Ds and Fs all through college and law school. Keep repeating it.....)
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To: Paperdoll
Congress was never intended to be a career, and most ‘retire’ by being fired by the electorate. But that's ok, the electorate still gets to pay for their congresscritters long after they throw the bums out of office.

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.

9 posted on 09/19/2011 8:39:09 PM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Crazy ole coot

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.


10 posted on 09/19/2011 9:11:42 PM PDT by Mr Rogers ("they found themselves made strangers in their own country")
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To: Crazy ole coot
another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.

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.

11 posted on 09/19/2011 9:24:17 PM PDT by Mark17 (California, where English is a foreign language)
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To: rangerwife

Quite right. Only I would not argue - I would insist. He earned every penny and more the hard way.


12 posted on 09/19/2011 9:36:21 PM PDT by ArmyTeach (Our liberties we prize and our rights we will maintain ... USS Iowa BB61)
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To: Crazy ole coot
how about we squeeze some retirement and insurance bennies out of the thousands of present and former politicians living high on the hog - on our dime? The WON has been after/undercutting the military right out of the gate - this is one of his first attempts - that went down in flames.

Even Jon Stewart skewered it.

http://www.thedailyshow.com/watch/tue-march-17-2009/that-can-t-be-right-—veterans—health-insurance

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!

13 posted on 09/19/2011 10:18:36 PM PDT by maine-iac7 (ALWAYS WATCH THE OTHER HAND)
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To: Mark17

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.


14 posted on 09/19/2011 10:23:17 PM PDT by celtic gal
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To: celtic gal

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


15 posted on 09/19/2011 10:43:53 PM PDT by BooBoo1000 ("IF YOU DON'T HOLD IT, YOU DON'T OWN IT" ( Wise old Gold Bug))
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To: celtic gal
Make it a 401k plan, that the retiree 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
16 posted on 09/19/2011 10:44:24 PM PDT by BooBoo1000 ("IF YOU DON'T HOLD IT, YOU DON'T OWN IT" ( Wise old Gold Bug))
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To: celtic gal

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.


17 posted on 09/19/2011 11:26:39 PM PDT by Mark17 (California, where English is a foreign language)
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To: Crazy ole coot

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.


18 posted on 09/20/2011 1:42:57 AM PDT by sten (fighting tyranny never goes out of style)
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To: sten

“they’ll 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.


19 posted on 09/20/2011 2:15:15 AM PDT by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Niuhuru
Good point!!

I know that I am dreaming but I think that military service should be a prerequisite for high government positions

20 posted on 09/20/2011 3:27:42 AM PDT by OldEagle
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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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