"...Top financial experts are worried about a key piece of the military's new blended retirement system and are urging the Pentagon not to shortchange career troops — especially enlisted service members.
Specifically, the American Academy of Actuaries is scrutinizing the new system's lump-sum payout option and precisely how the Pentagon will calculate it for those who elect to cash such a large portion of their pension.
Military retirement reform became law last year and takes effect in 2018, giving future retirees the option of taking traditional monthly pension checks or accepting smaller monthly pay along with a lump-sum cash payment at the time of separation. The lump sum would total either 50 percent or 25 percent of a service member's promised pension benefits.
It’s similar to the military's longstanding "REDUX" retirement option, which..."
Read more at Military Times
