What do you think about the new military retirement system?

2016-05-20T12:04:49-04:00

Response by Capt Private RallyPoint Member made May 20 at 2016 12:12 PM

2016-05-20T12:12:38-04:00

I think there will be some winners and some losers.

I am glad I retired before it happened.

Response by SGT David T. made May 20 at 2016 12:26 PM

2016-05-20T12:26:59-04:00

It looks to be very similar to the system the civilian employees are on. Overall, I think it will be a good thing if each person leverages it correctly.

Response by CPT Joseph K Murdock made May 20 at 2016 12:38 PM

2016-05-20T12:38:36-04:00

Is the new system mandatory?

Response by LTC Paul Labrador made May 20 at 2016 12:48 PM

2016-05-20T12:48:39-04:00

I think it is going to hurt retention over the long haul.

Response by PO1 William "Chip" Nagel made May 20 at 2016 1:35 PM

2016-05-20T13:35:43-04:00

The old system 50 after 20 and 75 after 30 was great. I think a 401k system is a lot Riskier but apparently the Government doesn't want the onus anymore and wants to put it out to the Private World.

Response by SFC Joseph Lumpkins made May 20 at 2016 8:15 PM

2016-05-20T20:15:12-04:00

Glad I retired in 2002 under the 50% rule

Response by SSG Private RallyPoint Member made May 21 at 2016 12:58 AM

2016-05-21T00:58:30-04:00

I think Congress and the military should have the exact same retirement benifits. If they are so willing to change our retirement and pay, theirs should change just like ours.

Response by SSG Rob Schwandt made May 21 at 2016 4:26 PM

2016-05-21T16:26:51-04:00

Let the cut backs begin. Hot Garbage

Response by SFC David Davenport made Jun 3 at 2016 9:09 AM

2016-06-03T09:09:57-04:00

It has some good benefits and some drawbacks. To be blunt it is going to be a very personal choice for those with the decision to make about switching from the old to the new. I strongly encourage Soldiers to become knowledgeable about the new system and consider their long term goals before making a decision.

Response by CPT Joseph K Murdock made Jun 3 at 2016 10:58 AM

2016-06-03T10:58:51-04:00

For a veteran of 12 years, what his max investment and government contribution per year or month?