"...Last week, U.S. Rep. Charlie Crist, D-Fla., brought out a proposal to help protect retired veterans who served in the United States Coast Guard (USCG).
Crist introduced the “Coast Guard Retirement Parity Act” with U.S. Rep. Steven Palazzo, R-Miss., and the Tampa Bay congressman’s office offered some of the rationales behind why Coast Guard retirees should be included in the Military Retirement Fund.
“Under the current ‘accrual’ system, Army, Navy, Marine Corps, and Air Force retirement benefits are paid through the Military Retirement Fund, a fiscally responsible public pension fund managed by actuaries. Every year, the Department of Defense contributes to the fund in anticipation of future retiree costs, protecting retirees and taxpayers alike. Coast Guard retirement benefits, on the other hand, require an annual funding bill, which is not only less efficient but threatens retired Coast Guard servicemembers in the event of a government shutdown. The bill corrects this disparity and treats Coast Guard retirement benefits just like the other branches of the military,” Crist’s office noted...."
Mar 20, 2020
Coast Guard Retirement Parity Act Introduced
Feb 25, 2015
DHS Shutdown Would Halt Coast Guard Retiree Pay
"...About 42,000 active duty members of the Coast Guard would work without pay and nearly 34,000 retirees would have their retirement checks suspended if Congress can't settle an agreement over funding for the Department of Homeland Security by Friday.
Coast Guard Commandant Adm. Paul Zukunft said Monday that the Coast Guard operations in law enforcement to include drug interdictions and ship inspections would be curtailed if Congress failed to reach agreement on $40 billion in funding for DHS.
Fiscal Year 2015 funding for the Department of Homeland Security is tied to a bill that would scuttle the executive actions by President Obama on undocumented immigrants. The bill passed the House but has been dead locked by filibusters in the Senate..."