Military Pension Reform Military Reform - 1583 Words

Military Pension Reform Military pension reform is a subject that strikes fear in the hearts of many of those serving in the United States military and something which would make me cringe when I heard rumors of it. The current military pension system gives those service members retiring with at least 20 years of service, a monthly entitlement of 50% of their base pay for the rest of their lives. This means that someone who enlists in the military at 18 years of age can begin collecting their retirement at age 38. This percentage can also go up if the member gains enough rank to stay in the military past the 20 year mark. This is an incredible benefit, considering the full social security retirement age is now 65, and soon rising to 67. Reservists collect their retirement at age 60. For the Active Duty member, this equates to 27 years of additional income for the military retiree. The Military Compensation and Retirement Modernization Commission (MCRMC) are working to change this benefit from its cur rent status, to a blended system. The main issue with the current military pension system is an unsustainable cost to the government. While the current military pension system is great for our service members, it is costing the government too much money. â€Å"Military pay and benefits — including retirement pay for veterans — eat up about one-third of the Defense Department budget† (Harper, 2015, para. 2). As illustrated by Harper (2015) the current system cost more thanShow MoreRelatedPatrick Henrys Impact On Slavery1708 Words   |  7 Pagesthey wanted so badly. One of the ways in which blacks were awarded new opportunities was in the military. During the American Revolution, there were two sides of the war; the Loyalists who were loyal to King George III and the British government, and the Patriots who supported Thomas Jefferson’s Declaration of Independence. During this time, some slaves obtained freedom if they served in the military. Those who were not offered that opportunity were enticed to join the Loyalists in return for theirRead MoreHow Far Was Concern over National Security the Real Reason for Liberal Reforms Passed Between 1906 and 1914?1468 Words   |  6 Pagesearly twentieth century the Liberal Government was worried that Britain’s military capability and general military power was not as strong and it once was. Therefore, the Government’s concern over national security definitely influenced the decision for the reforms. However, there are three main factors that also need to be taken into account when d eciding if concern over national security was the real reason for the reforms: the Social reasons, concerns for Britain’s Empire and the Political motiveRead MorePolitical Administrators by Aminullah Chaudy915 Words   |  4 Pagesoscillation between democracy and dictatorship in Pakistan caused a serious damage to the traditional culture of Pakistan Civil Services which it inherited from Indian Civil services. AUTHOR The writer is a retired civil servant and in the realm of military coup of Pervez Musharaf he suffered a court trial in famous ‘Plane Hijacking Case’ because he supported the Prime Minister as DG Civil Aviation. The writer served on all important positions in district administration and in federal and provincialRead More Augustus and how he changed the roman Empire Essay1071 Words   |  5 Pagestotal control of Rome and tried to destroy each other. 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America spends more on its military thanRead MoreEssay on Fdr and Hitler Comparison1171 Words   |  5 PagesRoosevelt started his first presidential term at the lowest point in the Great Depression. Roosevelt brought this country great relief from the Great Depression. He started with what is known as the First New Deal, bringing relief, recovery, and reform to the American economy. This simple name was for a rather complex sequence of programs set to help the economy. Roosevelt’s First New Deal set out to give immediate relief to those American’s most affected by the depression. Its main method of reliefR ead MoreThe Aftermath of War and the US Healthcare Policy1045 Words   |  4 Pagesï » ¿Jpz777 04/24/2013 Order # A2092963 With the worlds largest volunteer fighting force in its service, America has long been a nation that kneels in bowed reverence to the service of our military men and women. National monuments stand as enduring testaments to the sacrifices made by ordinary citizens when political action dictates that war must be waged, and holidays commemorate the fallen who laid their lives down in defense of their homeland. Nonetheless, the storm clouds of crisis have begunRead MoreU.s. Post Office Administration1056 Words   |  5 Pagesa private postal service. With other defense civil programs, I know that this will take away military personnel’s pensions. But most people I know that served invest in retirement funds. So when they retire from the military they are making a lot of money just off of their retirement fund and they have their military pensions. Most individuals don’t serve 20 years as well. I think teaching military personnel to invest their money is a smarter ide a than the government just giving them money.Read More The Progressive Era Essay1275 Words   |  6 Pagescontrol league is now called the Planned Parenthood federation. 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After all, both countries experienced socioeconomic development, the rise of the industrial working class, and the rise of new liberal values. Another puzzling