Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

David L asked in Politics & GovernmentPolitics · 10 years ago

Just asking, how do you feel about changing the military retirement pension plan?

Update:

The reason I'm asking is I am about to retire, drop my paperwork in a few years, 2013, and I keep hearing things from both sides of the aisle on raising the age to collect, to raising the age and creating a "savings account" to draw from. I personally feel those of us deserve our due pension that starts as soon as we do our 20.

Update 2:

@XYZ, I start my terminal leave in April 2014.

Update 3:

@Jehen, actually if you aren't aware, the Army already is looking at alot to kick people out and cut numbers. We are finally able to get rid of the PT failures and fat bodys the previous administartion denied us. Garrison standards are coming back.

5 Answers

Relevance
  • jehen
    Lv 7
    10 years ago
    Favorite Answer

    Then be prepared to lose the career service person. For many a military career is a calling that already involves great sacrifice - wages, family life, stability. The retirement benefit (50% of base pay after 20 years, 75% after 30 and lifetime affordable (but not free) medical care) is pretty cheap to help insure a dedicated career volunteer force.

    My guess is that technology is going to do to the military what it has done in business - make the people so productive that the force is equal with just a fraction of the personnel. And a much smaller military will also carry much smaller future retirement and medical costs. But that 'technology and peace benefit' is for the next generation.

    The trouble that is looming is that after 10 years of war and swelled military ranks we have a huge spike in the service members that will be eligible for retirement in the coming decade. That is just another cost of the Iraq and Afghanistan wars, and not the result of an overly generous retirement system. And nothing should be done about that except pay it to those who earned it.

  • Anonymous
    5 years ago

    As a beneficiary of the militia retirement gadget, i will comprehend the place some costs might might desire to be cut back or adjusted. Like paying greater for Tricare top rate, and observing the proportion of retired pay fee costs. i'm completely adversarial to a entire cut back of the retirement gadget as all of us know it now. In that 2 many years it takes for a militia member to retire he or she might have confronted inumerable hardships, kin seperations, and doing without, their physique would be worn, bruised, and abused generally. A 20 12 months retirement is the miraculous element for the militia.

  • 10 years ago

    Hell no they shouldn't change it! Leave it alone! Us veterans that are retired or planning on it in the near future planned on it. The president and most of those lame politicians have never served a day. I plan on retiring in a few years and I think I am owed it after all the my sacrifices!

    Source(s): Active duty US Army
  • Anonymous
    10 years ago

    I would have to see the proposals and compare them with what we have now. Either way, the military retirement system should be sound and sustainable, but also we need to make sure we take care of our retired military in the fashion they deserve for their service in protecting us.

  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    10 years ago

    Change it to what? That is a pretty broad statement. I am not for changing things just to change them.

Still have questions? Get your answers by asking now.