Troops Distrust Proposed Retirement Reform

"...The Pentagon’s new proposal for reforming military retirement is drawing sharply negative reactions from today’s career-minded service members, according to a recent survey of Military Times active-duty readers.

By a margin of more than two to one, active-duty troops said they oppose the Defense Department’s proposal that would scale back the size of the lifetime monthly retirement payments promised to troops who serve 20 years or more.

That proposal, unveiled March 6, would compensate troops for the smaller pension by providing more cash-based benefits earlier in life, such as retention pay at 12 years lump-sum transition pay for those who leave with 20 years or more, and tax-free government contributions to retirement investment accounts for all troops starting at three years of service and fully vesting at six years..."

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