Originally Posted by
Gilligan13
I'll bite, why? Mil retirement isn't going anywhere.
None of the entitlements in their current for can survive, it's not mathematically possible.
There are currently around 50M people on welfare. Less than 1% serve in the military, and only around 20% of them ever make it to retirement. If you're a self serving politician (kind of redundant) and you want to get reelected, how many of your constituents are going to vote for the other guy given a choice of cutting one or the other?
From friends in the five sided wind tunnel, there is a new version of this study being circulated, and heavily discussed. Just look at the increased retiree health care costs over the last few years. I'm not saying it's going away, but its going to have to be cut.
According to the OSD Office of the Actuary, annual military retirement
payments are forecasted to increase from $52.2 billion in 2011 to $116.9
billion in 2035. As of today, the total life cycle program costs will grow from
$1.3 trillion, of which only $385 billion is presently funded, to $2.8 trillion by
FY34 (see Appendix D at Tab C). Increases in inflation and life
expectancy will further increase military retirement benefit costs.
http://www.slideshare.net/BrianLucke...irement-system