my solution to pensions in this country....
stop offering defined pensions immediately...for all...military included...
offer 401's and then ONLY pay out what govt contributed when the recipient reaches age 60
if someone wants to retire on what they saved in their 401 k, let them..when they're 59 and 1/2 like everybody else.....
offering defined pensions was a mistake from the start...like Medicare and SS, nobody things about the long term consequences of such grandiose ideas....
the younger people are always the ones to suffer...
military included...
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That is fine as long as you outlaw any future military drafts and allow people to quit the military at anytime for any reason when something better cones along - like a company with a better 401k plan.
It ain’t a job like a toll taker or teacher.
stop offering defined pensions immediately
You are speaking of Defined benefit vs defined contribution. There is a huge difference between the two. One is sustainable the other is, in continual good times, also potentially sustainable depending on the size of the benefit offered. I would say one answer would be no defined benefit plans ever for public service employees. That would be government workers. Military excluded. Private companies can offer the plans that work for them but pitting the taxpayers against their own government employees is guaranteed to cause problems as we saw in Wisconsin a few years back.