Quote:
Originally Posted by WTF
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"if you left short of 20 years -- which about 83 percent of those serving in the military did -- you left the military with nothing for your retirement savings."
There was nothing stopping military members from saving for retirement under the old plan. They could invest in an IRA and or the Thrift Savings Plan. This either an obvious lie or Meese is an idiot although it could be both.
"Military retirement is now going to be modernized"
Translation: we have come up with a plan that saves Uncle Sam a couple bucks and our vets only lose out on 20% of their retirement (assuming they live long enough to collect it.)
If anyone (talking to you WTF) thinks this is a good idea, I suggest you put your money where your mouth is and give the Federal government 20% of your retirement each month when the time comes.
Obvious preparation to phase out military retirement.