Posted on Jan 20, 2016
What concerns do you have about the future of Military benefits? Healthcare, VA, etc.
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As our government continues to push against the military and the benefits we've earned 100X over, what concerns do you have about the upcoming change of administration?
Posted 9 y ago
Responses: 22
I am hopeful that the new administration will treat the military better than the current one.
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The current and likely future Speaker of the House , Paul Ryan, is on record as believing military retirement benefits are overly generous. He included a cut to the retirement COLA adjustment in the 2014 budget deal at the last minute. He defended it as a " minor adjustment" that was no big deal because military who retire at 20 years should still work. He said the government cannot continue to give the military a retirement at 20 years that civilians don't earn until 40 years.
His "small adjustment" would reduce the overall value of a retirement for an NCO by $100,000. No big deal for him. Fortunately, after that law passed, congress undid the Ryan cut to military retirement. For the next few years we will have someone who thinks we haven't earned our retirements leading the congressional budget process. That's scary.
His "small adjustment" would reduce the overall value of a retirement for an NCO by $100,000. No big deal for him. Fortunately, after that law passed, congress undid the Ryan cut to military retirement. For the next few years we will have someone who thinks we haven't earned our retirements leading the congressional budget process. That's scary.
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LTC (Join to see)
SMSgt (Join to see) - i didnt mean to imply Ryan might not be a good speaker overall. It's just his position on the retirement that concerns me. He actually stated the thing about the military getting a 40 year retirement after 20 years. He wanted to take the money from retirements and roll it back into weapaons systems funding. So I'm just concerned that someone who thinks we are getting over on our current retirement will lead the cuts.
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SMSgt (Join to see)
No worries, sir. I did not mean to come across as lecturing you about the difficult decisions leaders face. I like Ryan, but I am not a fan of every vote he has made. My point was our congressional leaders may have the best of intentions, but operate in a very dynamic high pressure environment where it is difficult to stand by hard and fast principles (sadly). Veterans are and will be easy prey.
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LTC Kevin B.
To be completely honest, Patty Murray also shoulders some of the blame for that bill because she negotiated it with Paul Ryan. However, Paul Ryan was the only significant politician willing to go on record to defend the pension cuts. He even put out a big defense of the military pension cuts on his House website. Murray stayed rather silent, so she gets more of a pass (from me anyways).
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A1C Lisa Casserly
And what about the old "Fraud, Waste, and Abuse" ideals? How is 1.5 million worth of ARTWORK a worthwhile or excusable expense??
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Military benefits have changed drastically since I enlisted, (1988), some aspects better, some, not so much. Your financial destiny is in your own hands, don't make the mistake on counting on the government to pay you what you think you deserve. I used to tell young troops to commit 10% of their gross monthly income into a Roth IRA or at minimum a savings account. When you get a raise, keep 10% of it and add the additional income to your savings. You will be surprised how much and how quickly this adds up. Secondly, if you are going to plan on staying with Tricare, plan on living within 30 miles of a military installation or you will be forced to enroll in Tricare standard, you will have to pay the first $2500 of your bills. As stated by others, get EVERY ache and pain documented in your military medical records, you won't get compensated later in life when those injuries start causing problems.
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SrA Karla Kiser
Absolutely right!!! I've got my ducks in a row and will never rely on the government for my path. Thanks for the response.
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