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...erhaul-072511/

Best Regards

Tom.

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

Dave__67 wrote:

(...)

Corporate style benefits plans, eh?

I hope tomorrows soldiers like to gamble.

'Gambling' is where one has *some* chance of winning, yes?

--Winston

On Aug 15, 8:47*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.

Long overdue.

We have had it far too good for far too long at the expense of the
Country.

Time for vets to have comparable benefits to civilians.

Also time to customize vet benefits...serving on the firing line is
different than pushing paper back in the States.

TMT

"Too_Many_Tools" wrote in message
...
On Aug 15, 8:47 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.

Long overdue.

We have had it far too good for far too long at the expense of the
Country.

Time for vets to have comparable benefits to civilians.

Also time to customize vet benefits...serving on the firing line is
different than pushing paper back in the States.

TMT

Eventualy corporate style retirement packages will apply to all
government employees. This will be a huge benifit for wall street
with all that new money flowing into the market via 401k's.
Covert bailout funded by government employees.

Best Regards
Tom.

On Aug 16, 1:06*pm, "azotic" wrote:
"Too_Many_Tools" wrote in message

...
On Aug 15, 8:47 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.

Long overdue.

We have had it far too good for far too long at the expense of the
Country.

Time for vets to have comparable benefits to civilians.

Also time to customize vet benefits...serving on the firing line is
different than pushing paper back in the States.

TMT

Eventualy corporate style retirement packages will apply to all
government employees. This will be a huge benifit for wall street
with all that new money flowing into the market via 401k's.
Covert bailout funded by government employees.

Best Regards
Tom.- Hide quoted text -

- Show quoted text -

One doesn't need to have a 401K in stocks.

TMT