Modernizing Military Retirement?

Modernizing Military Retirement?

The military considers a move to a 401(k) style retirement plan. We'll talk about proposed changes and the wide-ranging implications a new retirement policy could have.

A federal advisory board to the Department of Defense is proposing major changes to the military's retirement system. If adopted, the plan would extend retirement benefits to personnel who serve less than twenty years, while changing the way career soldiers are paid after retirement. We find out why the plan could have far reaching effects on military culture.

Guests

Andrew Tilghman

Senior Writer and Pentagon Correspondent; Military Times Newspapers

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Comments

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My husband recently retired after almost 29 years from the military. It would have been more lucrative for him to retire at 20 & make $$ during the last 9 years during the spending to support the war effort. Luckily, for the American people, he continued to do what he loved, went on numerous deployments & brought his maturity, expertise & leadership during difficult situations such as an Iranian boat skirmish through the Strait of Hormuz. BTW ~ several months after he was relieved, there was an accident that cost the taxpayer tens of millions of dollars. There is no way that you can put a value on senior leadership & the truth is that a new system will probably encourage more people to get out.
R/
Linda
Virginia

Tue, 09/06/2011 - 1:40pm
The Kojo Nnamdi Show is produced by member-supported WAMU 88.5 in Washington DC.