Quote:
Originally Posted by Elvis90
I hope DoD is prepared for the unintended consequences, and third & fourth order effects of this policy if implemented.
No kidding. This is the kicker,
"Unlike past changes to the military retirement plan, which shielded current servicemembers from the changes, the plan presented by the
Defense Business Board would not grandfather current servicemembers."
Especially with airline hiring about to ramp up, if they enact something like this, there will be a stampede out the door like nothing they've ever seen. Everyone's gone a lot, the pay isn't that great and now you're going to pull the rug out from under current members? Nice.
The way the briefing is written, it seems the board members might not have any military experience. They complain about people who leave the service prior to 20 years not being vested. The way I understood it, the military services WANTED people to leave well before retirment, thus saving long-term $$$. They get the most productive years out of people and then cut them loose without any further costs.
The one line of argument that really chapped my butt was the insinuation that retirees are soaking the public by drawing a "lifetime" of retirement pay for "only" 20 years of service, and how the payout is so much more generous than the private sector. 20 years of military service is more than enough to justify a retirement check, especially when the last 10-plus years have been at war, 20-plus if you want to go all the way back to Desert Shield/Storm. Trying to compare the 20 years of a service member's life to ANYONE else's just doesn't cut it. Nobody has seen the things they have seen, been separated from family/friends/home like they have or had to bear the burdens they have.