How is everyone thinking on the recent overhaul to Military Retirement?

2016-08-16T22:51:47-04:00

Response by SSG Jeremy Sharp made Aug 16 at 2016 11:03 PM

2016-08-16T23:03:41-04:00

It is a major decision. The payout could be much bigger if investment accounts do well but could be lacking if the return on individual investment accounts tanks and will leave the sm less than compensated in a way that secures their future.

Response by CAPT Kevin B. made Aug 16 at 2016 11:24 PM

2016-08-16T23:24:28-04:00

It can be better, but you have to pay attention to building a retirement. If you do nothing, it's worse.

Response by CW5 Private RallyPoint Member made Aug 17 at 2016 8:20 AM

2016-08-17T08:20:42-04:00

Glad I am on the old system as I wasn't given the opportunity to contribute back in 96 nor am I offered a 'catch up' option.
Besides, getting paid 50-75% for the rest of my life starting from age 42-51 sounds nice.

Response by MSgt Private RallyPoint Member made Aug 17 at 2016 3:39 PM

2016-08-17T15:39:20-04:00

I think it really is a great thing for our future troops. So many have separated with nothing(financially). That simply wont be the case anymore. That being said, definitely thankful for the grandfathering part for current AD folks.

Response by MAJ Raúl Rovira made Aug 19 at 2016 1:40 AM

2016-08-19T01:40:40-04:00

Nothing lasts forever. 20 year retirement, medical benefits it is nice. Reality is the civil service when through an overhaul of their retirement system years ago. In the end, the employer (our government) hold the cards. I am glad to be retired.