They are in the same position Social Security recipients.
Yes, but since they’re unionized, at least on some moderate extent, they will be at the front of the line. Just like the UAW Union was in front of the GM confiscation over the prime bond holders (something NEVER perpetrated before in this country). These guaranteed (ha!) bondholders got pennies on the dollar, if that. I bear no ill will to military retirees and I don’t think of them in the same vein as much of the civilian work force; they are not the problem with this country.