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Some of those alternative programs may be attractive to younger troops who may prefer to serve five or 10 years and
separate with a limited retirement benefit.
But Obama’s instructions will offer some reassurance to troops who worry that the pension system could change before
they reach retirement age.
“The Commission’s recommendations for change must grandfather any currently serving members and
current retirees in the current military retirement systems, but may allow current service members and
current retirees the choice to change to your proposed retirement system,” the letter said.
Military pay should be “comparable” and “competitive” to civilian and private-sector wages and benefits
But the commission likely will have to recommend shrinking the current package to some degree.
“The military retirement and compensation system should be fiscally sustainable in order to ensure long-term certainty for
service members and retirees,” the letter said.
See Also 2014 Military Pay -- Temporary Early Retirement (TERA) -- Gay Military Benefits
Military Retirement Update
Washington, 12 September 2013 - President Obama issued
instructions to the Military Retirement and Compensation
Modernization Commission, a task force created by Congress and
intended to inform and jump start efforts to overhaul current
military pay and benefits.
Some of the unofficial retirement proposals include proposals that
would give some retirement benefit to troops who leave before the
20-year mark. Under the current rules, most service members who
leave before serving 20 years get no retirement benefit.
There are many affordable places to call
home when you retire from the Military. Low
cost of living and a high quality of life can be
achieved on a military retirement check >>