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Words of Wisdom

"Time is what we want most, but what we use the worst."
~William Penn

Thursday, August 18, 2011

US Military Retirement Changes; Updated news/information here! Updated 10.26




Our US Military is the best on the planet!  Don't allow their pay and benefits to be toyed with!
There are those out there that call them "entitlements", that's not so...and don't try and compare their jobs to any in the private sector or other portions of the government bureaucracy.
"Some gave all, but all give some!" Leave it alone!!  Plenty of other places to cut.
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 Updated 10.26.2011
Military retirement costs are affordable, DoD says
FederalNewsRadio.com
By Jared Serbu The military retirement system is not the main driver behind the Defense Department's escalating personnel costs, Pentagon officials said Tuesday as they sought to assure Congress that they will not recommend retirement changes that ...
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McCain eyes barring retirees from Tricare Prime
NavyTimes.com
Seventy-one percent of retirees and retiree family members in Tricare Prime rely entirely on the military for health care. That would drop to 35 percent under the McCain proposal, according to the CBO's estimate. How much such a change would cost ...
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House panel gives thumbs-down to retirement change proposal
WOKV
By Andrew Greenstein A proposal to change the military retirement system is not sitting well with Republicans and Democrats alike on a House Armed Services subcommittee. The panel discussed a proposal to change the military's retirement system to one ...
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911 director wants dispatchers to not be forgotten
The Augusta Chronicle
By Summer Moore Retired Army Maj. Dominick Nutter became Richmond County 911 director in June after 27 years in the Army. “What do people always say?” Nutter said. “ 'Man, those are great firefighters.' Or, 'Man, those are great policemen. ...
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Where's the DEW Line When You Need It?
TIME (blog)
They seem unable to grasp that while any one thing may be affordable by itself, all of it is not affordable if each keeps asserting that its piece is affordable: MILITARY RETIREMENT COSTS ARE AFFORDABLE, DoD SAYS -- "While the department acknowledges ...
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Peculiarities of Abkhazian sovereignty
Experts' club
Moreover, Abkhazians have assumed social obligations: under Article 28, "the parties, in accordance with the laws of each party, shall provide for pension security, medical and sanatorium and resort provision of servicemen, retired from military ...
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Experts' club
Senators support fee increase
Clovis News Journal
He noted the fee would hit “a group on mostly fixed incomes who are vulnerable to unanticipated changes in expenses.” Still, he wrote, it should be considered. The White House debt reduction plan described military retirement as “out of line with most ...
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Why must military also sacrifice benefits?
MyCentralJersey.com
The expected changes for the military will affect retirement and prescription benefits. The proposed military retirement plan will be called “Uniformed Military Personnel Thrift Savings Plan.” In simple terms, the “new” plan would be similar to a ...
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FACT CHECK: Closer look at Cain's retirement model
The Associated Press
Other changes, in 2009, forced Chile's self-employed to participate, made it harder for people to take early retirement and exhaust their pensions before death, created government subsidies to cover housewives and other informal workers, and provided ...
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Military benefits
Salt Lake Tribune
To help reduce federal budget deficits, President Obama has proposed modest fees for health care for military retirees and a commission to study reforms of military pensions. Veterans groups, naturally, are opposed. But as the nation battles soaring ...
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On Pentagon budget matters, telling it like it is
Washington Post (blog)
(Reuters ) When Defense Secretary Leon E. Panetta met with service personnel in Naples late last week, the first question he got after giving his quick around-the-world review of budget challenges faced by the Pentagon, was: “Is the military retirement ...
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'Government to save P11 billion a year with reforms in AFP retirement system'
Philippine Star
By Alexis Romero (The Philippine Star) Updated October 10, 2011 12:00 AM 0 MANILA, Philippines - The government will save P11 billion annually once reforms are implemented in the military's retirement system, an official of the Armed Forces Retirement ...
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Talk of changing military pensions sparks debate
Fort Worth Star Telegram
The government will spend $50 billion on military retirement just this year, and the number goes up every year as life expectancies improve. President Barack Obama recently proposed several budget-cutting changes to military retirement to "align ...
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Fort Worth Star Telegram
Maintaining The Common Defense
Huffington Post
Gaius Marius used it in 107 BC when he reorganized the Roman military from a bunch of conscripted land-owning adventurers into a standing army. The recent proposals to cut military retirement benefits by $42.5 billion as part of the deficit reduction ...
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Announced U.S. Job Cuts Rise 212% From Year Ago, Challenger Says
Bloomberg
(BAC) and in the military. Announced firings jumped 212 percent, the largest increase since January 2009, to 115730 last month from 37151 in September 2010, according to Chicago-based Challenger, Gray & Christmas Inc. Cuts in government employment, ...
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How Obama's Tax Cuts Could Affect Your Retirement
San Francisco Chronicle
Further, the plan discusses some shortfalls in military retirement plans and mentions reviewing them for potential reforms, to make them more generous to those who stay enlisted less than 20 years. It is unlikely that one policy change, ...
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Military retirees to pay higher health premiums
Forbes
But other personnel changes unpopular with service member may be in the offing due to US budget problems, including changes to the system for retirement pay, which is under study. Military health costs have ballooned since 2001, and increases announced ...
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American Legion to Washington: Cuts to Defense or Military Retirement Benefits ...
PR Newswire (press release)
30, 2011 /PRNewswire-USNewswire/ -- Commenting on proposals to slash the DoD budget, the leader of The American Legion said the cuts, along with changes to military retirement benefits, are unnecessary and dangerous to America's national security. ...
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Time to Meet the Challenge of Updating the Military Retirement System
Heritage.org
Unquestionably, the military retirement system is out of date, inflexible, unfair, and too costly. Comprehensive reform is needed. Some advocate preserving the basic structure of the existing system while making changes at the margin. ...
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Sen. Webb: Don't change military retirement
Daily Press
Jim Webb calls it a "non-starter" that could jeopardize military recruitment and retention. He's talking about a proposal to replace the current system of military retirement benefits with a 401(k) type of plan found in the private sector. ...
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Military retirees say benefits hard-earned
USA Today
"Yes, I get a military pension," Sesit says. "After taxes, insurance and survivor benefits, my (monthly) check is $1400. And yes, I pay chump change for my health benefits. But these benefits were earned through 20 years of sacrifice and more than five ...
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USA Today
Federal retirement plans almost as costly as Social Security
USA Today
By Dennis Cauchon, USA TODAY Retirement programs for former federal workers — civilian and military — are growing so fast they now face a multitrillion-dollar shortfall nearly as big as Social Security's, a USA TODAY analysis shows. ...
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USA Today
Economy Pushing Military Families Toward Greater Fiscal Conservatism, First ...
MarketWatch (press release)
A separate Index survey released earlier this month revealed that two thirds of middle-class military families feel nervous about the potential change, which would phase out the traditional vesting system that provides lifetime income to retirees after ...
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Army is behind in granting medical retirements to 20000
USA Today
One achievement, however, is that by Saturday, a system of jointly assessing troops for medical retirement and Department of Veterans affairs benefits will be fully underway, Army and VA officials say. This drastically reduces the amount of time ...
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The Pentagon Budget and the Deficit
New York Times
But current military pay, pension systems and retiree health care benefits are unsustainable and ripe for reform. President Obama has proposed two changes that would save $27 billion over 10 years: increasing co-payments for some prescription drugs for ...
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Congress: DO NOT mess with military retirement
TheNewsTribune.com (blog)
Congress controls the purse strings, including wages and benefits, and can make changes regardless of existing expectations. As usual, our politicians failed to look ahead and adjust the retirement system years ago. If there were ever a time to ...
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Don't look to veteran benefits for savings
Las Vegas Review-Journal
16 article headlined "Military retirement changes cause worry," I felt compelled to respond. I also felt several other emotions that you couldn't print. The proposal to phase out lifetime pensions should have never gotten off the drawing board. ...
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Obama's desire to cut military pensions, health care is no good, Utahns say
Salt Lake Tribune
Tucked into President Barack Obama's deficit-reduction plan unveiled 10 days ago are the seeds of dramatic changes in both. The president wants military retirees age 65 and older to pay what he calls a "modest" fee, starting at $200 a year, ...
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Pentagon budget cuts fuel worry at JBLM, elsewhere
TheNewsTribune.com
President Barack Obama heightened concerns for families last week by proposing changes in the now-free health insurance plan that the Defense Department offers to retirees and military families: They'd have to pay $200 a year for health coverage if ...
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Air Force promises more disciplined acquisitions
FederalNewsRadio.com
But he said the board's private-sector approach to military retirement meant its solutions were "without credibility." President Obama has proposed an independent commission to suggest changes to the military retirement system. ...
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Mullen: Personnel, Health Costs 'Not Sustainable'
Department of Defense
Mullen emphasized that there are no immediate plans to change the military retirement plan. Even if a change was to be made, he said, officials would press to have it “grandfathered,” so people already serving continue to be covered by the current ...
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President proposes changes to military retirees' health insurance
Houston Chronicle (blog)
The change would apply to military families and retirees, but not active duty service members. A White House statement also proposes the establishment of a commission to review military retirement benefits. “The current military retirement system has ...
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Houston Chronicle (blog)
Military Tricare costs could increase
Washington Post
But while describing the military retirement system as “out of line” with most other government or private retirement plans, the White House balked at making any immediate major changes. Instead, it announced plans to establish a board similar to the ...
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Military groups slam Obama plan to raise co-pays
USA Today
On a subject that has upset military careerists, the administration is looking to save money by revamping the Defense Department pension plan. Obama calls for a commission to produce changes to the current system. The Pentagon would then modify as it ...
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Obama calls for raising employee contributions to retirement plans
Washington Post (blog)
That's half of the $42.5 billion in savings that Obama is seeking by making changes to benefit programs for civilian employees and military personnel. The American Federation of Government Employees quickly called the Obama plan unfair. ...
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Sssshhhh: Obama's Deficit Plan Will Tax More Than The Evil Rich
Stop the ACLU
You're rich” is in play Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased ...
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Keep hands off military retirement
The Journal News | LoHud.com
The members of our armed forces have every right to be upset with the proposed changes to their retirement plan. Serving in the military is something most Americans prefer not to do. These young men and women enter the military knowing that one day ...
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Heck calls for hearings on military retirement
Las Vegas Review - Journal
By Steve Tetreault WASHINGTON -- A House defense subcommittee is preparing a hearing to review proposed changes to the military retirement system that are worrying the troops. Among lawmakers calling for an examination is Rep. Joe Heck, R-Nev., ...
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The US Government is Going After Your Retirement Funds...
Center for Research on Globalization
We suggest congress change the law and tax the $2.2 trillion parked offshore in tax havens at 35% and bring in revenue of $800 billion or more and to keep that revenue stream going. That means only $1 trillion would have to be cut from military ...
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Sergeant Major of the Army Visits Fort Bragg
Patch.com
During his visit, Chandler addressed three major areas that will face changes in the near future: retirement benefits, military personnel strength, and civilian personnel strength. Federal defense budget cuts may substantially change retirement ...
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SMA Chandler's first visit to Fort Bragg
DVIDS
“A lot of us have been misinformed about the possible retirement changes, and he was able to answer and clarify a lot of our concerns and questions,” said Spc. Arely Alas, 618th Engineer Support Company, 27th Engineer Brigade. ...
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 Feds plan their exits: Interest surges in retirement seminars
Federal Times
Federal employees across the nation are becoming more nervous about proposals to slash their benefits, and many are eyeing the exit door to avoid possible changes. Organizers of federal retirement seminars say they are seeing bigger audiences than ever ...
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 Veteran Lifeliners reflect on how 9/11 changed military
Clarksville Leaf Chronicle
The veterans said they all agreed that the biggest change about the war was the impact it had on the families, as the constant deployment took its toll on military households. The average Army staff sergeant and sergeant first class with 10 years ...
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Proposed changes in military benefits have troops worried
USA Today
The recommendations, if adopted, would be the first substantial change to military retirement in 100 years, according to the advisory panel, ...
Shift in benefits have some troops up in arms
Tucson Citizen
US infantry officers at a combat base here near the border with Pakistan griped about changes being proposed to the military's retirement program — part of ...
Republican Presidential Candidates Trade Attacks In GOP Debate (VIDEO)
Huffington Post
Even if Congress never makes any changes to the program, Social Security will be .... on pensions for the poor, payments into a separate military retirement ...
Bartolome named new PNP chief
Manila Bulletin
... on September 15 when he reaches the mandatory retirement age of 56, ... A member of the Philippine Military Academy (PMA) “Mapitagan” Class 1980, ...
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Military Retiree Pay Dates to Change
Kansas City infoZine
Cleveland, OH - infoZine - Paydays for military retirees and those who receive ... This change affects regular retired pay, Concurrent retirement and ...
A few words about military retirement 'reform' and social class in ...
Foreign Policy
Any planned change to major military benefits should be studied and ... Again, I'm all for keeping the retirement system the same if nothing else changes. ...

Foreign Policy
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Plan to cut retirement outrages service membersNavyTimes.com
But the staffer, who spoke to Military Times on condition of anonymity, said other potentially significant changes to military retirement are a very real possibility. All eyes are on the so-called “super committee” appointed in August to hammer out a ...
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A Veteran Questions a Proposed Overhaul of Military PensionsNew York Times (blog)
By STEVE GRIFFIN Proposed changes to the military's retirement system have been much in the news lately. According to the Defense Business Board, a Pentagon advisory committee tasked by former Defense Secretary Robert M. Gates with finding ways to ...
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 Panetta and the question of military retirementWashington Post
By Walter Pincus, Less than two months on the job and Defense Secretary Leon E. Panetta has put his foot on a Pentagon third-rail issue by saying he is willing to look at reform of the 100-year-old military retirement system to save money. ...
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Reader's view: Budget cuts put military retirement system at riskDuluth News Tribune
We need to support our troops by voicing our displeasure at the proposed changes to military retirement. Pulling the rug out from under them after 10 years of war by stealing their retirement discourages anyone from making the military a career. ...
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Preparing To Retire, General Bowlds Highlights Air Force Opportunities, ESC WorkMilitary & Aerospace Electronics
Electronic Systems Center Commander Lt. Gen. Ted Bowlds, whose retirement ceremony is set for Sept. 1, following a change of command ceremony, never had a set plan for a military career. "I always loved airplanes and aviation," he said. ...
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Honor commitmentsThe Spokesman Review
Politicians and pundits are now comparing military service to employment in the private or public sector in order to justify the changes in military retirement benefits. What nonsense! With the exception of the police and fire, what private or public ...
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Panetta: No retirement changes for current military membersThe Warner Robins Patriot
by Gene Rector Defense Secretary Leon Panetta said current members should be exempt from changes to the military's retirement system although he supports additional cost sharing on health care coverage. Moreover, he sees the pending budget squeeze as ...
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Pension scare still groundlessDaily Press
Despite the headlines, no Department of Defense leader, civilian or military, has embraced this alternative pension system. Before he left office in July, then Defense Secretary Robert Gates did call for retirement reform. But Gates said any changes ...
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Military members resist changes to retirement systemFayetteville Observer
He also said any changes to the military retirement system would have to include a grandfather clause so the government doesn't "break faith" with existing service members. The Defense Business Board's plan would eliminate the current military ...

Will your military retirement plan change?HeraldNet
But Gates said any changes are likely to "grandfather," or protect, the current force. Adm. Mike Mullen, chairman of the Joint Chiefs, seconded that view last week, saying retirement changes have to be implemented with care and should not break faith ...
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Retirement Changes Won't Affect Serving MilitaryDepartment of Defense
19, 2011 – In his clearest statement on the subject to date, Defense Secretary Leon E. Panetta said today that if the military retirement system changes, it will not affect serving service members. Defense Secretary Leon E. Panetta, right, ...
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Department of Defense
Something's got to give: Military retirement plan changes are inevitableAirForceTimes.com
Norb Ryan, a retired Navy vice admiral and president of Military Officers Association of America, asserts certain proposed retirement changes “would dramatically undercut long-term retention and readiness.” Right now, there is no plan for a balanced ...
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Military pension cuts proposed, Veterans fightWALB-TV
The National Commander of the American Legion is drawing a line in the sand over retirement pay. He issued a scathing email saying cutting military retirement benefits earned by warriors is unconscionable. We spoke with one special forces instructor ...
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Are military pensions too `generous'?WYMT
But the big dogs got millions a year, the rich got richer the middle class got poorer. by Jim Location: E. KY on Aug 19, 2011 at 12:48 PM I just going say that I do not agree with any changes to the military retirement system. ...
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Pension system changes will affect millionsTelegraph.co.uk
Whilst millions of hard-working people stand to be effected by changes in the pension system - now is a great time plan your financial future. By Niki Chesworth Anyone approaching retirement, employees who are not members of work-place pension schemes, ...
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Telegraph.co.uk
Updating 'Borden's Dream': Making the most of the new Walter ReedWashington Post
This would not change their retirement pay but would enhance the prestige of their positions and help retain key clinical leader-educators on active duty. In this era of tight health-care dollars, the rationale for maintaining a separate military ...
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Updated 8.19.2011
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Are military pensions too 'generous'?The Associated Press
The Defense Department put out a statement this week stressing that it was only a proposal and no changes will be made anytime soon. "While the military retirement system, as with all other compensation, is a fair subject of review for effectiveness ...
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The Associated Press
Vets groups blast military retirement proposalStars and Stripes (blog)
By Leo Shane III WASHINGTON — Veterans groups lashed out this week at a proposed overhaul of the military retirement system, vowing to fight any changes that could take money out of current or future retirees' pockets. The plan, a recommendation from ...
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Stars and Stripes (blog)
Military retirement overhaul is full of flawsElmira Star-Gazette
Any changes to military compensation during times of strong enlistment and an anemic private-sector job market will hurt the Pentagon's ability to compete for qualified personnel. The task group presents its recommendation for a retirement system based ...
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TOM PHILPOTT | The retirement report careerists should readKitsap Sun
Adm. Mike Mullen, chairman of the Joint Chiefs, seconded that view last week, saying retirement changes have to be implemented with care and should not break faith with current members. On Tuesday the new defense chief, Leon Panetta, weighed in. ...
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Poles Should Work Longer for Their Pensions to Aid Budget, Minister SaysBloomberg
“What we need in Poland is to encourage people to stay in work until they reach the retirement age, not raise the age limit itself,” Fedak, 50, said. “Legislative changes that equalize the retirement age of men and women don't make sense. ...
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RetirementLog Cabin Democrat
By JA Boucher The Department of Defense recently announced it has assembled a group of seers to examine the military retirement system. The budget panel thinks the current system is unaffordable and the new Secretary of Defense wants everything ...
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Lawmakers ready to touch the untouchable: Radical plan to cut military ...

Daily Mail - ‎Aug 16, 2011‎
By Daily Mail Reporter The military retirement system has long been considered untouchable for politicians looking to wield the axe to save costs. But in these days of soaring deficits, it seems everything is a potential target for budget cutters. ...

Radical overhaul of military retirement eyed

CBS News - ‎Aug 15, 2011‎
WASHINGTON - The military retirement system has long been considered untouchable - along with Social Security and Medicare. But in these days of soaring deficits, it seems everything is a potential target for budget cutters. A Pentagon-sponsored study ...

Pentagon Considers Military Pension Reform

WBOC TV 16 - Jeremy Tucker - ‎Aug 16, 2011‎
DOVER, Del.- The Pentagon is considering the largest overhaul of the military pension system in half a century. The military may nix the current pension system and replace it with a 401k-type system. The move would likely mean ...

Military Considers Alternative To Current Pension System

KGTV San Diego - ‎Aug 16, 2011‎
SAN DIEGO -- 10News has learned the stakes could be $1 billion a year for the local economy as the Pentagon weighs a proposal to switch from a pension system to a 401(k)-style plan. After 27 years in the Marine Corps, Lt. Col. ...

Overhaul to Military Pensions?

WCTV - Kelly Wright - ‎Aug 16, 2011‎
A new report released by a panel of military advisors would eliminate the current pension retirement system where anyone who serves twenty years is eligible for half their salary. Instead they would get a 401K style plan with government contributions. ...

Defense may consider changing retirement system

Manhattan Mercury - ‎Aug 16, 2011‎
Two national news agencies reported Monday that a Pentagon board is considering whether to propose significant changes to the military retirement system. CBS and Fox News both reported what were characterized as "high-level, closely-held meetings" to ...

Could 20-year retirement be a casualty of the budget fight?

Stars and Stripes - Leo Shane III - ‎Aug 16, 2011‎
WASHINGTON — Pentagon planners may be closer than ever to radically overhauling the military retirement system, threatening an end to the longstanding practice of guaranteed lifetime payouts for retirees with 20 years of service. ...
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