Military Retirement System Broken, Board Says -- Stars And StripesNAPLES, Italy — The military retirement system is unsustainable and in dire need of repair, according to an influential Pentagon advisory board.
The Defense Business Board — tasked by Defense Secretary Robert Gates to find ways to reduce the DOD budget — says annual Treasury Department payments into the system will balloon from $47.7 billion this year to $59.3 billion by 2020.
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My Comment: From my perspective .... the U.S. military pension is very generous. Having said that .... it will still be terribly unfair for the soldiers who were promised one thing when enlisting .... but after serving faithfully for years and are near retirement are then told that the old promises can no longer can be met.
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