Tuesday, August 16, 2011

Radical overhaul of military retirement eyed

This is one pension that needs to be dealt with carefully...VERY. It differs greatly from Teachers etc.....we also don't want to lose the best and the brightest....

The military retirement system has long been considered untouchable - along with Social Security and Medicare. But in these days of soaring deficits, it seems everything is a potential target for budget cutters. A Pentagon-sponsored study says military pensions are no longer untouchable - they're unaffordable.

CBS News investigative correspondent Sharyl Attkisson reports high-level, closely-held meetings are taking place at the Pentagon regarding a radical proposal to overhaul retirement for the nation's 1.4 million service members - a bedrock guarantee of military service."

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