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Posted in these groups: 
Benefits
Benefits
Posted >1 y ago
Responses: 5
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A couple thousand vets have already started the "WeThePeople" petition on whitehouse.gov.
The Ryan/Murray budget deal cuts the military retirement pension COLA to 1% below the inflation rate. This is an inexuseable breach of contract with the military men and women who have served this co...
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SFC Cook -
Here is one link to an article about the Bill...
The typical officer retiring at age 42 after 20 would lose about $124,000, officials say.
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Additional info on the pay for the military side from MOAA:
http://capwiz.com/moaa/issues/alert/?alertid=63026006
No impact on DoD civilian pay.
http://capwiz.com/moaa/issues/alert/?alertid=63026006
No impact on DoD civilian pay.
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I am not a fan of the Bill at all. I did not really get into the weeds of it until after it made it through the House and there was an article or two about the "hit" our retirement was going to take.
Very disappointed that this did not receive more debate by our elected leaders. Also very disappointed that the details of it were kept on the "down low" until it made it through the House.
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Has anyone else read through the new bill proposal? Regardless of your political affiliation (or lack there of) the bill proposes some less than glorious changes to retirement. It also fails to include any sort of "grandfathering" clause to maintain benefits for active service members and retirees.
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