Off-Topic: Military Pensions after 20 years service

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	Name:	4691 -
	Subject:	Military Pensions after 20 years service
	Date:	9/8/2011 11:30:50 AM

From an article in the USA Today - "...In its analysis, the Defense Business Board said the current system — which allows servicemembers to retire after 20 years and begin collecting retirement pay — is unsustainable. Costs will grow from a current liability of $1.3 trillion, of which only $385 billion is funded, to $2.7trillion by 2034..."

I brought this issue up a few months ago on this forum. I believe I was in the minority on this forum in thinking that it is not feasible to continue to incur a multi-million dollar liability for each military person that retires. According to the article the system has been in place over 100 years. The life expectancy of a 38-42 year old and spouse is much longer today than 100 years ago. The pension payout period could last 50 to 60 years. Of course if changes are made, those serving now should be grandfathered in the current system if they choose to be. The necessary retention must be maintained with increased salaries and improving other benefits. As a fiscal conservative I prefer to see all government expenses paid as we go and not continue to defer the financial liability to our children and grand-children and great-grand-children. Another option would be to fund the pension program adequately, but we know that will not happen.

URL: Proposed changes in military benefits worry troops

Other messages in this thread:

View Entire Thread

Military Pensions after 20 years service - 4691 - 9/8/2011 11:30:50 AM

Military Pensions after 20 years service - MartiniMan - 9/8/2011 3:59:43 PM

Military Pensions after 20 years service - Feb - 9/8/2011 7:46:08 PM

Military Pensions after 20 years service - MartiniMan - 9/9/2011 8:20:35 AM

Military Pensions after 20 years service - Feb - 9/9/2011 9:12:38 AM

Military Pensions after 20 years service - MAJ USA RET - 9/10/2011 9:33:43 AM

Military Pensions after 20 years service - 4691 - 9/12/2011 1:39:09 PM

Military Pensions after 20 years service - Talullahhound - 9/13/2011 8:12:01 PM

Military Pensions after 20 years service - MAJ USA RET - 9/14/2011 2:47:48 PM

Military Pensions after 20 years service - MrHodja - 9/8/2011 5:13:39 PM

Military Pensions after 20 years service - Talullahhound - 9/8/2011 11:32:49 PM

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