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Posted in these groups: 
Retirement
Benefits
Retirement Benefits
Edited 10 y ago
Posted 10 y ago
Responses: 9
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SGM (Join to see)
SGT Schreiner...well, looks like some of us sold our best years for less than $1.50 an hour. The concept of "deferred compensation" was a nice rationalization for me...it's "retainer" pay even if we call it retired pay.
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Suspended Profile
Another opinion from a number cruncher. No perspective at all. The toll that a career takes is not a number. I am always amazed at the focus on 17% of the military population. The writer is clueless.
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There are a few things that need to be taken into account when you look at retirement.
1. You volunteered to defend the country for at least 20 years. While your peers either went to college or began their careers placing you 20 years behind the curve.
2. Transitioning to a civilian career is very difficult due to stereotypes of military veterans.
3. I find it very demeaning when I hear polititions complain about how much it cost the government to pay these benefits when they can retire with benefits for serving 2 years. Plus they are exempt from government mandated programs. Let's look at what our budget is to provide full medical, dental, retirement till death for our elected officials and then compare.
4. When I joined in 73 I was told and promised medical and dental for me and my family for the rest of my life. Well the year I retired (I think that's when it changed) I had to pay for insurance. It is a low premium but still. As for dental they for almost nothing. Thankfully my wife has good insurance.
5. Lastly let's look at Golden Parachutes for executives. The board can fire me for bad performance but they still have to pay me millions of dollars to get rid of me. Wow and we put our lives on the line to pertect this culture.
Ok I'm off my soapbox.
1. You volunteered to defend the country for at least 20 years. While your peers either went to college or began their careers placing you 20 years behind the curve.
2. Transitioning to a civilian career is very difficult due to stereotypes of military veterans.
3. I find it very demeaning when I hear polititions complain about how much it cost the government to pay these benefits when they can retire with benefits for serving 2 years. Plus they are exempt from government mandated programs. Let's look at what our budget is to provide full medical, dental, retirement till death for our elected officials and then compare.
4. When I joined in 73 I was told and promised medical and dental for me and my family for the rest of my life. Well the year I retired (I think that's when it changed) I had to pay for insurance. It is a low premium but still. As for dental they for almost nothing. Thankfully my wife has good insurance.
5. Lastly let's look at Golden Parachutes for executives. The board can fire me for bad performance but they still have to pay me millions of dollars to get rid of me. Wow and we put our lives on the line to pertect this culture.
Ok I'm off my soapbox.
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Cpl Mark McMiller
Agreed. A congressman or senator who serves 2 years, gets a pension of about $250k a year for life. If they are in a leadership position, it is even more. And if they serve in both the congress and the senate, they get the $250k plus from both. And they might even get a ship named after them if they happen to be unlucky enough to get shot while campaigning. It is ridiculous.
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not sure if it is too sweet...but it is damn sweet, thats for sure.
Where else can you be a retired 43 year old LTC or SFC/MSG and get a paycheck for the rest of your life!!??!
and if you are a LTC, you are getting around 50K a year, for the rest of your life.
Why more people dont join the military is beyond me...why more people dont stay to 20 is also beyond me...
Where else can you be a retired 43 year old LTC or SFC/MSG and get a paycheck for the rest of your life!!??!
and if you are a LTC, you are getting around 50K a year, for the rest of your life.
Why more people dont join the military is beyond me...why more people dont stay to 20 is also beyond me...
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CW5 (Join to see)
I agree, MAJ Jim Steven. And then the best plan is to live a long, healthy life and collect that retirement for years and years.
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