What's in your Wallet? --Your take on the proposed new retirement system...

2014-11-13T09:02:31-05:00

A new proposal offers a lump sum "transition" payment, followed by lower retirement checks. What's your opinion?

http://www.militarytimes.com/story/military/benefits/retirement/2014/11/12/new-rand-retirement-report/18923279/

New military retirement system might be popular, study says

New Study finds military retirement system by promising smaller monthly pension checks but also giving troops a lump sum "transition pay" immediately upon retirement

Response by SGM Private RallyPoint Member made Nov 13 at 2014 11:13 AM

2014-11-13T11:13:51-05:00

SMSgt Thomas...agree...however, whenever gov offers you a "deal' on retirement, you are likely losing something over time while the gov benefits. Maybe in this instance, that is a win-win for both .

Response by MAJ Private RallyPoint Member made Nov 13 at 2014 12:02 PM

2014-11-13T12:02:11-05:00

The first problem is people continue to compare the military to civilian sector jobs but there is no comparison. The people who think this is a good idea are young kids who have no idea about finances. I don't know how people don't see that this will kill the long term retention efforts the Army is looking for.