[cizinec]

Military pensions are pre-funded. Every year since 1984, the Dept of Defense has set aside money for future retirement costs. That trust fund has been very well managed, and is in the black. Unlike almost every other government program, it is expected to remain in the black forever - there is no indication that the trust fund will ever fall short of what is needed.

Belive it or not, some people here on FR don't get that. They're okay with funding the "poor" while robbing those who actually did something for this country because, they claim, military pensions are bankrupting America. Go figure.

[RFEngineer]

“Belive it or not, some people here on FR don’t get that.”

What you don’t get is that the “well managed and in the black” set aside money was “invested” in “Non-Negotiable Government Bonds” - in other words it was spent, while they pretended to “invest” it.

They are the same sort of bonds the Social Security “Trust” fund was invested in.

They are bonds whose sole existence is to launder government “trust” funds so that they can be spent in the here and now.

The end result is that ALL government benefits - including Social Security, Military Retirements, etc. must be funded with CURRENT YEAR FUNDS. When current year funds are insufficient, we borrow the difference. When we can’t borrow any more (and who knows when that day arrives) they get a big haircut or they stop.

It’s the reality of being broke. “Pre-funded” is tantamount to putting money in a 401k and then borrowing it all back and spending it.

Sure, you have a retirement plan, but there is no real money in it.