On Aug 15, 9:47*pm, "azotic" wrote:
DoD panel calls for radical retirement overhaul

By Andrew Tilghman - Staff writer
Posted : Monday Jul 25, 2011
A sweeping new plan to overhaul the Pentagon's retirement system would give
some benefits to all troops and phase out the 20-year cliff vesting system
that has defined military careers for generations.

In a massive change that could affect today's troops, the plan calls for a
corporate-style benefits program that would contribute money to troops'
retirement savings account rather than the promise of a future monthly
pension, according to a new proposal from an influential Pentagon advisory
board.

Unlike other proposals to overhaul military retirement that would
grandfather current troops, the board suggests that DoD could make an
"immediate" transition to the new system, which would affect current troops
quite differently depending on their years of service.

http://www.airforcetimes.com/news/20...panel-calls-fo...

Best Regards

Tom.

Corporate style benefits plans, eh?

I hope tomorrows soldiers like to gamble.


Dave