Once again, the military retirement system is coming under the scrutiny of budgeters and deficit reduction task forces. This time the assault comes from various fronts – from outgoing Secretary of Defense Robert Gates and incoming Secretary Leon Panetta to Vice President Joe Biden.
Earlier this year Gates stated, “Everything is on the table” for budget cuts. Panetta used the same line during his recent nomination hearing before the Senate Armed Services Committee, urging more significant, program-specific changes rather than an across-the-board, salami-slice budget cutting approach.
Tasked by President Obama with finding over $400 billion dollars in savings over the next 10-12 years , Gates has become a bit more specific on where some of the savings may be achieved – specifically the military retirement system.
Gates has criticized the “one-size-fits-all” 20-year retirement structure and has directed the Defense Science Board to establish a working group to develop alternative options.
I think that with all of those who stick it out for 20 plus years deserve to get there retirement. There is no job like the job of a military man or woman has and the sacrifices that come with it.
Answer by Farmlady09 at 3:43 PM on Jul. 2, 2011
Answer by dustbunny at 12:27 PM on Jul. 2, 2011
Answer by okmanders at 1:26 PM on Jul. 2, 2011
Answer by Farmlady09 at 2:47 PM on Jul. 2, 2011
Answer by Farmlady09 at 3:49 PM on Jul. 2, 2011
Answer by cueballsmom at 12:35 PM on Jul. 2, 2011
Here we go again. Cut every budget but the one that affects me. Sorry, I'm sure there is fat in the military budget that could be cut. Do not ask others to do what do what you will not. The cuts will affect everyone.
I agree sapphire.
FL- sounds like a good plan. Would these be community service positions? As in unpaid?
Answer by Sisteract at 3:24 PM on Jul. 2, 2011
Answer by BlueSaphire at 12:57 PM on Jul. 2, 2011
Answer by Farmlady09 at 2:52 PM on Jul. 2, 2011