Interesting article from this morning that discusses the DOD position that Military Retirement is AFFORDABLE..
One paragraph that I picked out was the following:
Quote:
20-year rule
The business board's claim that the retirement system is unfair is based on the fact that servicemembers who leave the military before 20 years get no pension at all, and only 17 percent of military members serve long enough to earn a pension. Also, there is no difference in retirement pay between those who serve in low-risk positions compared to those who have more dangerous jobs.
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In industry, short of a buyout or specific to your position/company benefits package you may or may not get anything for 20, 30 or more years with the organization. So is that comparable to military retirement...should a one-and-done be provided a benefit package at some proportional rate? Congress gets one with a single term. IMHO, neither should be considered for a benefits package after 4 or 6 years...
But are things like education benefits, Veteran's hiring preference or extending PX and Commissary privileges a valid "in-kind" compensation short of a check at the end of the month?
Full article
here (From WTOP dot com)