Skip to content

DoD May Reign Service Retirement Benefits

Stars and Stripes reports that “Military enlistees could soon be offered a range of new retirement options as the Defense Department tries to get a handle on a retirement benefit fund that is spiraling out of control.”

“Pentagon data show there are more than 2 million military retirees and survivors who were paid $52.4 billion from the Military Retirement Fund during the 2012 fiscal year. A report by the Department of Defense Office of the Actuary suggests that spending will likely double within 20 years.”

“That level of spending, combined with the rising cost of servicemembers’ pay and benefits, is too high, Chairman of the Joint Chiefs of Staff Gen. Martin Dempsey told an audience at Yokota Air Base earlier this summer.”

“He called the current retirement system unsustainable.”

Recent Stories

Blanche pushes back on ‘weaponization’ fund worries during hearing

Clayton defends subpoenas of journalists in tense confirmation hearing 

Bipartisan bill to eliminate hepatitis C unveiled in House

GOP budget blueprint targets Iran war, farm aid and elections

Capitol Ink | Gerontocrat caucus

NRCC adds 7 more candidates to MAGA Majority program