Fast Resolution Expected on Military Retirement Reform

"...Military retirement reform is among the most dramatic changes to Pentagon policy in the annual defense authorization bill. It also should be one of the easiest issues for House and Senate negotiators to finalize.

Despite the complex, sweeping changes the reform plan would bring, both the House and Senate versions of the retirement overhaul are strikingly similar, with only minor differences to be worked out before final passage.

The two retirement plans are both based off recommendations from the Military Compensation and Retirement Modernization Commission earlier this year. They call for replacing the 20-year, all-or-nothing current system with a 401(k)-style system that vests after two years and allows all separating troops to leave with some benefits..."

Read more at militarytimes.com