Posted on May 18, 2015
Is the new retirement plan really better for career troops?
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As a major overhaul of the military retirement system continues to gain momentum on Capitol Hill, questions remain about the core of the proposal and whether it will be better or worse than the current pension for career service members who serve 20 years or more.
http://www.marinecorpstimes.com/story/military/benefits/retirement/2015/05/17/careerist-pensions/27321321/
http://www.marinecorpstimes.com/story/military/benefits/retirement/2015/05/17/careerist-pensions/27321321/
Posted in these groups: 
Retirement
DoD
Retirement DoD
Edited 9 y ago
Posted 9 y ago
Responses: 14
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I am totally against any retirement package change. Sorry but when was the last time John McCain or Paul Ryan took one in there retirement package? Why always the veteran. They have made promises that they never intended to keep and blame that on the economy. They will screw up our retirement plan for future soldiers and sailors just as they have managed to screw up Social Security. Don't borrow on the back of your Military.
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As long as they give us old timers the choice to grandfather us in with the current retirement system, I don't mind, as that would be my choice.
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The Army is doing about the same thing...if people are smart with their money, it could work...but if people are really smart with their money they'll invest early on rather than later down the road.
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MAJ (Join to see)
And its a bit of a stretch to think that Servicemembers have the knowledge to manage their money in such a complex system; this program will put a great deal of onus on the individual, and their first and second line supervisors, to become experts at financial management. Expect a great deal of mandatory financial training to accompany the change. Perhaps we'll even need to create company or battalion level unit financial advisors--this is a massive undertaking.
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