Jonn’s written previously here at TAH about that new military retirement plan the current gang of fools and tools running the show in DC Administration conned Congress into passing convinced Congress to approve. The bottom line: the former 20 year military retirement plan goes away, effective for people entering in 2018, in favor of a “blended” plan much like Federal civilian employees have today. (Ask most Federal civilians how much of a “good deal” the current Federal retirement system is compared to its predecessor, CSRS – which was somewhat similar to the military’s 20 year retirement. But you might want to be prepared to get an earful at high volume when you do so.)
A major criticism of the “new plan” before it was approved was that it made early service too lucrative, and that this would lead more troops to bolt early – resulting in a loss of experience/expertise. Well, guess what: the Pentagon apparently is now having second thoughts for precisely that reason.
In this year’s Defense Budget Request, DoD has proposed modifications to the changes implemented just last year. Bottom line is that the newest proposed changes are designed to keep people in the service by making later service more attractive than earlier.
Gee. Seems to me that’s kinda exactly what the 20 year retirement did. Except IMO it did it much better than either this new “blended system” or the latest changes DoD proposes to same will.
But heaven forbid DoD admit it goofed and backtrack, even when it makes perfect sense to do so. Just look at the F-35!
The Army Times IMO has an article giving an overview of the Pentagon’s latest proposed changes. It’s a bit longish, and the overall situation is somewhat complex. But if you have interest it’s certainly worth a read.