Friday, January 03, 2014

MILITARY - Repeal of Military Pension Cut in New Budget

Disclaimer, being retired U.S. Navy I have a big stake in this issue, even though I'm 69.  My Navy retirement pay is the biggest contribution to my retired income.

IMHO if Republicans push FOR the cut they show their true colors on "supporting our troops."  The proof that EVERYTHING is measured on 'if we can afford it' aka focus on money before people.

"Should lawmakers repeal cuts to military pensions?" PBS Newshour 1/2/2014


JUDY WOODRUFF (Newshour):  When Congress reached a budget deal last month to fund the federal government, one of the controversial things they agreed to do was to reduce the cost of living adjustments for retired military personnel.

This has set off a battle over pensions with some members of Congress who have vowed to repeal this provision.

Jeff is back with that.

JEFFREY BROWN (Newshour):  The new pension cuts affect military veterans under age 62 who've retired after serving 20 years or more in the armed forces.  They would see their annual pension increases trimmed by 1 percentage point.  Authors of the budget deal say this would save $6 billion over the coming decade.

And we take up the matter now with retired Vice Admiral Norbert Ryan, president and CEO of the Military Officers Association of America, and Lawrence Korb, former assistant secretary of defense during the Reagan administration.  He's now a senior fellow at the Center for American Progress.

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