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Thread: Question for retirees and the future of military retirement

  1. #71
    Short Timer CWO Sharkey's Avatar
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    Dempsey: No retirement overhaul anytime soon - Army News | News from Afghanistan & Iraq - Army Times

    Dempsey: No retirement overhaul anytime soon




    By Andrew Tilghman - Staff writer
    Posted : Thursday Dec 22, 2011 12:37:20 EST

    The Defense Department’s highest-ranking officer said changes to the military retirement system are unlikely anytime soon and today’s troops can expect to be grandfathered under the current rules.
    Army Gen. Martin Dempsey, chairman of the Joint Chiefs, said retirement reform has been “pushed to the side of the table,” and he expects a blue-ribbon commission to take a long look at the issue before any changes are made.
    “We have to look at retirement. But as we do, we’ve got to understand the effect,” Dempsey told troops at a town hall-style meeting in Germany on Monday. “Before we do something, we really want to do the proper analysis to understand what it will mean to retention and recruiting, let alone breaking faith with those of you who have served under a certain expectation,” Dempsey said.
    “I am quite confident … that those who are currently serving will be grandfathered. So, you know, what we are talking about in terms of getting retirement under control would affect folks that entered the armed forces after we made the adjustment … so that they would know what plan they were walking into “
    Dempsey’s remarks came in response to a direct question from an airman. Troops have grown increasingly concerned about the retirement system since a Pentagon advisory group in July said the current 20-year pension is unaffordable and should change immediately.
    Today’s personnel costs are too high, Dempsey said, and senior leaders are considering an array of budget-cutting measures that could affect pay and benefits, and health care fees.
    “We need an all-volunteer force. But we’ve got to figure out how to afford it,” he said.
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  • #72
    Senior Member Angriff's Avatar
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    About time someone stood up for us
    TANKER - That dusty, crusty, grease-covered, dirty, sweaty, bright-eyed, fuzzie-faced,
    haircut-needing, beer-drinking, underrated, over-worked, underpaid,
    oversexed, little shit, who can take a tank and do more battlefield damage in
    ten minutes than a Grunt squad can do all day.

    If you ain't Armor, you ain't shit.
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  • #73
    Short Timer CWO Sharkey's Avatar
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    Some military personnel are set for life.

    Top officers benefit from revised pension rules - Army News | News from Afghanistan & Iraq - Army Times

    Top officers benefit from revised pension rules




    By Tom Vanden Brook - USA Today
    Posted : Thursday Feb 2, 2012 19:50:12 EST

    A change in federal law to keep experienced officers in uniform allows top generals and admirals to make more in retirement than they did on active duty, Pentagon and congressional records show.
    The new pension rules were part of the 2007 Defense Authorization Act to address concerns that the military would lose too many experienced generals and admirals during wartime.
    Before the change, the maximum pension was based on an officer’s pay at 26 years of service. Now, a four-star officer retiring in 2011 with 38 years’ experience would get a pension of about $219,600, an increase of $84,000, or 63 percent beyond what was previously allowed. A three-star officer with 35 years’ experience would receive about $169,200, an increase of about $39,000, or 30 percent.
    The highest pension, $272,892, is paid to a retired four-star officer with 43 years of service, according to the Pentagon. Before the law was changed, the typical pension for a retired four-star officer was $134,400. The top pay for an active-duty officer is capped at $179,900; housing and other allowances boost their compensation by another third.
    “These changes cumulatively provide consistent recognition across an individual’s entire career, not just the first 26 years of service,” Pentagon spokeswoman Eileen Lainez said. “This recognition also translates into increased readiness through the increased retention of our most experienced leaders.”
    The Project on Government Oversight, which looks at waste in government, said the pensions were too much.
    “At a time when the Pentagon is struggling to pay for the men and women who actually fight wars, and is shrinking the size of its fighting force and civilian employees, it doesn’t make sense to nearly double the size of a retired four-star’s pension,” said Nick Schwellenbach, director of investigations for the group.
    Defense Secretary Leon Panetta has said that retirement benefits will have to be re-examined in light of lean budgets in coming years.
    There are 146 three-star officers and 44 four-star officers receiving the higher pensions.
    Increasing pension payments to the most-senior officers is unlikely to encourage them to stay in the military, said Beth Asch, an expert at the Rand Corp. But, she said, it may entice younger officers to remain in the military if the future payoff for doing so is substantial.
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    Default look this and you find your answer about the money:D

    Quote Originally Posted by CWO Sharkey View Post
    Can you please provide any kind of wisdom of the retirement process? Especially when it comes to the SBP and if anybody went over 20 years with some reserve time. I would like to know how the pay was calculated.

    Thank you.
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  • #75
    Short Timer CWO Sharkey's Avatar
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    I just got IMed by wakeup

    xwakeupcallx: hi how are you?(12:13pm)
    Me: who are you?(12:13pm)
    Me: how about an introduction in the forums please?(12:13pm)
    xwakeupcallx: sorry i didn't had the time yet(12:15pm)
    Me: why are you posting anti-military rhetoric?(12:15pm)
    xwakeupcallx: do you know something about the knew world order?
    xwakeupcallx: do this site belong to you?

    Wakeupcall, this is not the venue to express your discontent. Plus the Iraq War has ended.
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    Quote Originally Posted by CWO Sharkey View Post
    Can you please provide any kind of wisdom of the retirement process? Especially when it comes to the SBP and if anybody went over 20 years with some reserve time. I would like to know how the pay was calculated.

    Thank you.
    look this and you will find the answer of everything your in to

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  • #77
    Short Timer CWO Sharkey's Avatar
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    ok wakeup is foreign

    62.203.132.159 159-132.203-62.cust.bluewin.chCityRegion/StatePostal CodeZURICH ZURICH -Country NameCountry CodeTime ZoneSWITZERLAND CH +01:00ISPLatitudeLongitudeSWISSCOM (SCHWEIZ) AG 47.36902 8.538033Domain NameNet SpeedIP DecimalSWISSCOM.CH DSL 1053525151

    Read more: IP Address Lookup

    and piping through a stateside IP
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  • #78
    Senior Member KTK1029's Avatar
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    Nothing like getting IM'd spammed.. xwakeupcallx: hi how are you?

    Me: good how are you?
    xwakeupcallx: fine thx
    xwakeupcallx: US soldier - reveals Truth about Iraq War - YouTube
    hej please watch this a special information for all members
    Me: Cool story, you should not be posting that stuff here... why are you wasting yours and my time?
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