Military Pension Reform : Military Reform

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Military Pension Reform Military pension reform is a subject that strikes fear in the hearts of many of those serving in the United States military and something which would make me cringe when I heard rumors of it. The current military pension system gives those service members retiring with at least 20 years of service, a monthly entitlement of 50% of their base pay for the rest of their lives. This means that someone who enlists in the military at 18 years of age can begin collecting their retirement at age 38. This percentage can also go up if the member gains enough rank to stay in the military past the 20 year mark. This is an incredible benefit, considering the full social security retirement age is now 65, and soon rising to 67. Reservists collect their retirement at age 60. For the Active Duty member, this equates to 27 years of additional income for the military retiree. The Military Compensation and Retirement Modernization Commission (MCRMC) are working to change this benefit from its current status, to a blended system. The main issue with the current military pension system is an unsustainable cost to the government. While the current military pension system is great for our service members, it is costing the government too much money. “Military pay and benefits — including retirement pay for veterans — eat up about one-third of the Defense Department budget” (Harper, 2015, para. 2). As illustrated by Harper (2015) the current system cost more than
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