Posted on 01/28/2014 3:10:56 PM PST by SkyPilot
Congress is revisiting its decision to cut annual cost-of-living adjustments (Cola) to pensions for most working-age military retirees after talk of the cuts drew outrage from veterans' groups and others.
The budget agreement approved this month reduced those adjustments by 1% annually once a service member retires until that retiree reaches 62.
Lawmakers on the Senate Armed Services Committee, back from a week-long break in their home states, said they were interested in repealing the Cola change scheduled to take effect on 1 December 2015. But Pentagon officials asked them to hold off on making any more changes until a commission completes an extensive review of compensation and retirement benefits. That report is due in February 2015.
Republican senator Roger Wicker of Mississippi said there was broad agreement to act more quickly.
"This is a wrong that should be fixed," Wicker said. "It doesn't make any sense if we're all in agreement on this to wait, unless you want to hold out the possibility that we'll stick with it."
Christine Fox, the acting deputy secretary of defense, said compensation rates were unsustainable and changes needed to be made to ensure military readiness, but the department was never consulted about the Cola cut. She said the Pentagon preferred a more comprehensive review of the retirement system that would exempt current service members and retirees from the changes made. She also said the defense department did not support the Cola cut unless it included such a grandfather clause.
The pension program for military retirees is generally much more generous than those found in the private sector. Most people work at least 40 years for about 20 years of retirement benefits. Military retirees generally work about 20 years for about 40 years of retirement benefits.
(Excerpt) Read more at theguardian.com ...
Amen. Plus, I see all these crocodile tears being shed for “the children” of illegal invaders. Where are the tears for the children of military members? Military kids are uprooted from their schools, homes, friends, and parents. No one sheds a tear for them, and the theft of their parents pensions.
I had 4 of those military kids myself.
In fact, my son even wrote and recorded a song about being a military brat:
For the brats (Roll) -
http://theatomicatoms.bandcamp.com/track/for-the-brats-roll
Active Duty/Retiree ping.
That was wonderful!
2014 can’t get here soon enough so We The People can start cleaning the DC sewer of RATs and RINOs.
They and the US Tax payer are out of money thanks to Obama. and it will only get worse.
To tell you the truth I’m not a fan of paying anyone while their of working age so I’m not going to cry over cutting that ‘pension’.
Our primary issue of concern should be demograpics and the on going collapce of western civilization.
Without addressing this problem their won’t be a future to pay these or any other debt, much less carry on the legacy of a Civilization that had discovered the world and opened space.
This is a very enlightening article that lays out all the fact regarding the direr straights of our civilization:
We need to be focused upon changing the culture to embracing “large families” again or there won’t be a future for our civilization much less our party or the military to defend either.
If theses people want a pension they need 5 or more kids
http://www.people.com/people/archive/article/0,,20091443,00.html Christine Fox, the acting deputy secretary of defense
You might like the (free) online album, Jukebox Drawl, that includes “For the Brats (Roll)”
https://myspace.com/theatomicatoms/music/songs
They all have other jobs and do only their own stuff, play for love of music and for fun. My son’s a techie type engineer.
If it wasn’t for his lust for power, John Boehner would have switched parties long ago.
I know, the American people placed all their compassion with illegals, and there is none left for much anyone else.
Very thin! And thank you for your service, as well.
Note to Moron Writer: Most non-military people do not risk their lives. The military does it all the time. Your comparison is poorly thought out.
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