RETIREMENT BENEFITS DoD: Give reservists immediate retirement pay (Military Times) Reservists would be eligible to begin receiving military retirement pay immediately after completing 20 years of part-time service under a new Pentagon proposal for overhauling the retirement system. Disability pay: simpler, broader, more generous (Military Times) The Pentagon’s new retirement reform proposal would make sweeping changes to the complex system of benefits that aim to compensate wounded warriors for injuries that cut short a military career. Proposal would revamp Survivor Benefit Program (Military Times) A Defense Department proposal to revamp its Survivor Benefit Program would save money by increasing the premium that retirees pay for coverage. See comparisons: Examples of how the value of annual payments would change under the new proposal DOD report: Concepts for Modernizing Military Retirement
Posted on: Mon, 24 Mar 2014 12:26:20 +0000
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