Free Republic

Military pensions are important, and it's natural that the agencies investing them would want to get them the best possible returns. But a new report from John Solomon's JustTheNews site suggests that something a little disturbing is going on: U.S. military and other federal pensions are apparently going to be invested Chinese entities if a new investment setup goes through. Christine Dolan of JustTheNews writes: In November 2017, FRTIB Chairman Michael Kennedy, who is Managing Director of Korn/Ferry International, and his board decided to change $50 billion in U.S. government retirement funds to a new global investment index known...

It sounds like a pretty good deal: Retire at age 38 after 20 years of work and get a monthly pension of half your salary for the rest of your life. All you have to do is join the military. As the nation tightens its budget belt, the century-old military retirement system has come under attack as unaffordable, unfair to some who serve and overly generous compared with civilian benefits. That very notion, laid out in a Pentagon-ordered study, sent a wave of fear and anger through the ranks of current and retired military members when it was reported in...

A Pentagon task force is proposing the largest overhaul of the military retirement system in 50 years that will do away with a traditional pension system, opting instead for a 401(k)-style contribution program. Under the newly proposed Defense Business Board plan, all troops would receive yearly retirement contributions if they served at least 20 years -- a stipulation of the existing system. The money, however, would not vest until service reached at least three to five years and would then be payable at retirement age. If personnel left before that three- to five-year mark, the time served would be rolled...

A Pentagon task force is proposing the largest overhaul of the military retirement system in 50 years that will do away with a traditional pension system, opting instead for a 401(k)-style contribution program

A Pentagon task force is proposing the largest overhaul of the military retirement system in 50 years that will do away with a traditional pension system, opting instead for a 401(k)-style contribution program. Under the newly proposed Defense Business Board plan, all troops would receive yearly retirement contributions if they served at least 20 years -- a stipulation of the existing system. The money, however, would not vest until service reached at least three to five years and would then be payable at retirement age. If personnel left before that three- to five-year mark, the time served would be rolled...