Negotiation Reached on 2016 Defense Authorization Bill

"...Defense Secretary Ash Carter told troops and veterans Tuesday that he's looking at some large-scale reforms for the military's personnel system...

During the troop talk, an airman asked about proposed changes to retirement benefits. Carter said the new benefits package that is nearing approval on Capitol Hill is designed to appeal to today's young people rather than simply save money.

The proposed change to the military retirement benefit would shrink the size of the pension by 20 percent but also give nearly all troops some government cash contributions to individual retirement savings accounts. The proposal also would, for the first time, provide a retirement benefit to troops who separate before reaching 20 years of service"

Read more at militarytimes.com