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Posted on Feb 2, 2017

Upcoming Changes To Military Retirement System Explained

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Changes are coming to the military retirement system. If you don't know about the changes that are coming in 2018 or need a better explanation of them, the following link is a good source. These changes are "based on a recommendation by the Military Retirement Modernization Commission which conducted a long-term study of the military retirement benefit and made a recommendation to Congress. Their recommendation was included in the National Defense Authorization Act of 2016 and will be effective in 2018."

Upcoming Changes To Military Retirement System Explained

Posted from military.com

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Retirement Finance

Posted 7 y ago

Responses: 4

SFC Michael Jackson, MBA

Posted 7 y ago

They're also making it where SM DONT and cannot get retirement and disability

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SFC Michael Jackson, MBA

7 y

LTC John Shaw - http://www.militarytimes.com/articles/veterans-benefits-disability-pay-retirement-pension

Ending 'concurrent receipt' of retirement and disability pays would save billions, federal...

The Congressional Budget Office says eliminating "concurrent receipt" could save the government $139 billion between 2018 and 2026.

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SFC Michael Jackson, MBA

7 y

LTC John Shaw - Agreed.

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SFC Michael Jackson, MBA

7 y

https://www.cbo.gov/budget-options/2016/52177

Eliminate Concurrent Receipt of Retirement Pay and Disability Compensation for Disabled Veterans

Military service members who retire—either after at least 20 years of military service under the longevity-based retirement program or early because of a disability—are eligible for retirement annuities from the Department of Defense (DoD). In addition, veterans with medical conditions or injuries incurred or that worsened during active-duty military service may be eligible for disability compensation from the Department of Veterans Affairs...

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MSG John Hill

7 y

Don't get riled up over scuttlebutt. If this were the case it would look like the Bataan Death March with us old, broken, and decrepit combat veterans crawling, hobbling, and wheeling our sorry asses to DC armed to the...ummm, gums intent on a former-military coup...

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SSG Edward Tilton

Edited 3 y ago

Posted 3 y ago

They should find something productive for these people to do than screwing up the retirement system. How hard can 50% after 20 be. The additions and subtractions always favor some over others. If they need to take something go after them. Medical care and Dental are things of the past unless you are 0-5 or above

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CW2 Jacob Bender

Posted 7 y ago

I'm telling Chaffetz and Gowdy - let them tag team the genius who thought this up.

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Upcoming Changes To Military Retirement System Explained

Upcoming Changes To Military Retirement System Explained

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