Government is cutting out military retirement pension. Says it is unsustain
- Thread starter oletex
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The one I saw included all federal and military retirees and was going to..
do away with boths insurance and go to a voucher system.
do away with boths insurance and go to a voucher system.
Page 2A today's USA Today. They are also proposing to cut
retirement medical care. They sort of try to mask it by saying they want to replace the current system with a 401K type system where re-enlisting and staying 20 does not entitle a person to retirement from the army. What each soldier would have to do is put part of his pay each payday into a fund (controlled by the government of course) and the government would match that. What the key is the common enlisted man and lower ranks and even mid ranks frankly have such little pay that the idea is silly. There is no incentive to stay 20 or 25 or any time over the initial enlistment. And they would get a special low rate on insurance after they leave the service after a prescribed number of years. Basically the idea of doing 20 for a small paycheck and love of the service but the trade off being you can retire after 20 years with half your pay is out the window. And so is TriCare. They need those funds to give to the onslaught of South Americans and minority children moms I guess.
retirement medical care. They sort of try to mask it by saying they want to replace the current system with a 401K type system where re-enlisting and staying 20 does not entitle a person to retirement from the army. What each soldier would have to do is put part of his pay each payday into a fund (controlled by the government of course) and the government would match that. What the key is the common enlisted man and lower ranks and even mid ranks frankly have such little pay that the idea is silly. There is no incentive to stay 20 or 25 or any time over the initial enlistment. And they would get a special low rate on insurance after they leave the service after a prescribed number of years. Basically the idea of doing 20 for a small paycheck and love of the service but the trade off being you can retire after 20 years with half your pay is out the window. And so is TriCare. They need those funds to give to the onslaught of South Americans and minority children moms I guess.
Heck the military gets 10points on civil service exam
and preferences in hiring . What do they want ? And college paid for .
I'm being a smarta$$ chill out . Relax .
Posted from Rivals Mobile
and preferences in hiring . What do they want ? And college paid for .
I'm being a smarta$$ chill out . Relax .
Posted from Rivals Mobile
Re: Article today excluded civil service retirement, only military.
I got mine through our retirement people. They are including all retirees regular, military, law enforcement, and firefighters.
I got mine through our retirement people. They are including all retirees regular, military, law enforcement, and firefighters.
The wh is proposing to cut that too. The next legless 30 y.o.
guy you run into why don't call him out for the gutless puzzy you know him to be. Hell he can't kick your azz so it would be a free shot. But again the government is proposing to cut the 10 point preference so don't worry one of these people getting your job.
guy you run into why don't call him out for the gutless puzzy you know him to be. Hell he can't kick your azz so it would be a free shot. But again the government is proposing to cut the 10 point preference so don't worry one of these people getting your job.
Re: This is not WH, it's in the House budget proposal**
While President Obama's newly unveiled deficit-reduction plan has drawn much attention -- and criticism -- for targeting the wealthiest Americans with new taxes, it also aims to overhaul the retirement benefits for U.S. military members.
Just weeks after the Pentagon proposed scrapping the military's traditional pension program, Obama released a plan Monday that calls for reexamining the retirement system that "provides generous benefits to the relatively few members who stay at least 20 years and no benefits for the roughly 80 percent of servicemembers who stay less than 20 years."
The document says the system "was designed for a different era of work, and is now out of line with most other government or private retirement plans."
Under Obama's proposal, a commission would be established to review the system in similar fashion to the 2005 Base Realignment and Closure Commissions (BRAC). The Pentagon would make recommendations to the commission, which could then make changes to them. The commission would then send the proposals to the president, who would decide whether to forward them to Congress. Congress would get to decide whether to approve or reject the recommendations but may not offer any changes.
"The administration believes that any major military retirement reforms should include grandfathering provisions that ensure that the country does not break faith with military personnel now serving, including those serving in Afghanistan and Iraq," the document reads.
While President Obama's newly unveiled deficit-reduction plan has drawn much attention -- and criticism -- for targeting the wealthiest Americans with new taxes, it also aims to overhaul the retirement benefits for U.S. military members.
Just weeks after the Pentagon proposed scrapping the military's traditional pension program, Obama released a plan Monday that calls for reexamining the retirement system that "provides generous benefits to the relatively few members who stay at least 20 years and no benefits for the roughly 80 percent of servicemembers who stay less than 20 years."
The document says the system "was designed for a different era of work, and is now out of line with most other government or private retirement plans."
Under Obama's proposal, a commission would be established to review the system in similar fashion to the 2005 Base Realignment and Closure Commissions (BRAC). The Pentagon would make recommendations to the commission, which could then make changes to them. The commission would then send the proposals to the president, who would decide whether to forward them to Congress. Congress would get to decide whether to approve or reject the recommendations but may not offer any changes.
"The administration believes that any major military retirement reforms should include grandfathering provisions that ensure that the country does not break faith with military personnel now serving, including those serving in Afghanistan and Iraq," the document reads.
It is not sustainable. Just change it with new recruits going forward. Replace with 401k system. Need to overhaul this military disability scam that is going on now also, you guys would freak if you saw the fraud, waste, and abuse, that is going on right now with disability!
If you guys knew the theft going on at the government level, you would be at the gates with pitchforks.
This post was edited on 3/31 6:42 PM by JungleRecon
If you guys knew the theft going on at the government level, you would be at the gates with pitchforks.
This post was edited on 3/31 6:42 PM by JungleRecon
Because Fed workers have a Union, and everyone scared of them**
1
This post was edited on 3/31 6:43 PM by FIELDARTILLERYDAWG
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This post was edited on 3/31 6:43 PM by FIELDARTILLERYDAWG
Mrs Jarrett, would you have a check cut for $2 Billion for Pakistan
We'll forgive them for hiding Bin Laden and being a safe gave for the Taliban.
We'll forgive them for hiding Bin Laden and being a safe gave for the Taliban.
Here you go, origins of proposed changes (link)****
Nm
This post was edited on 3/31 8:33 PM by WRGA Dog
http://www.slideshare.net/mobile/themilitarywallet/military-retirement-changes-defense-business-board-proposal
Nm
This post was edited on 3/31 8:33 PM by WRGA Dog
http://www.slideshare.net/mobile/themilitarywallet/military-retirement-changes-defense-business-board-proposal
