"...Fifteen-year retirement isn't here for everyone, but it could be soon. What does it mean for servicemembers?
In exchange for retiring early, officers and noncommissioned officers receive lowered retirement benefits. The formula is fiendishly complex, but this is the upshot: While someone retiring after 20 years will receive half their annual service pay, after 15 years it's only slightly more than 35%.
Here are a few questions to ask yourself:..."