Feb 5, 2015

Retirement Benefit Recommendations Will Take Time to Review

"...A plan to overhaul the military retirement system is gaining traction among some members of Congress, but most say it will take more time and hearings to digest a 300-page report released last week that called for major changes to retirement pay and health care benefits...

Congress has delayed a number of major personnel decisions over the past two years while awaiting the review, and with the report now in hand, they say they will digest it over the next few months.

Mr. McCain said he wants the report’s recommendations to be debated as part of the annual defense policy bill discussions, which will begin in May.

Members of the Military Compensation and Retirement Modernization Commission briefed Senate and House committees this week on their 15 recommendations to fix the military retirement and benefits system, including decreasing the annuity troops receive..."

Read more at the Washington Times