A sweeping new plan to overhaul the Pentagons 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 todays 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.
http://www.airforcetimes.com/news/2...calls-for-radical-retirement-overhaul-072511/
In a massive change that could affect todays 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.
http://www.airforcetimes.com/news/2...calls-for-radical-retirement-overhaul-072511/