Does anyone have a down and dirty on the new military retirement system, that I could use to explain this to interested high school students?

You beat me to it sir. I was just going to point him to the same article. Thanks!

Thank you CPT (Join to see)

COL Charles Williams - You're welcome

Thank you CAPT Kevin B.

CPT (Join to see) - That's a separate piece CPT, the piece about VA Disability. But the new retirement system also lowers the "defined benefit" and introduces a "defined contribution" process a la civilian 401k. Thanks - aware of both -- will consider my next move!

COL John McClellan - Yes Sir, you're correct. It's important we look at both parts in making our decisions. I shouldn't have called it a "summary" It might make it confusing to some. I think we need to share as much information as possible about these issues not just to new recruits but also to those already serving and in retirement, so they can make the best choices possible. On a separate note it's unfortunate that these changes will cause us to lose some of our best and brightest. I know of a HS Senior that turned down a full ride to Annapolis because of these changes as well as others.

CPT (Join to see) - The military/DoD are in a tough spot but I dislike the influence that the civilian Advisory board has reportedly had on this issue. Personnel costs are always the highest in any organization, and ours have been flirting with .50/every $1 now for some time, and I think eclipsed that now. The goal of extending the pension system to SM that stay less than 20 years is a good one as well, so creating a hybrid system between define benefits v. defined contributions was I suppose the only way to accomplish all this... but I came in under the "old" system and I'm glad I exited before this change happened!

Thank you