Posted on Dec 18, 2014
Should TERA (aka 15 year retirements) be made permanent?
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Should Temporary Early Retirement Authorization (TERA) be made permanent as a cost saving measure for the DoD?
Retirement
Benefits
TERA
Posted 10 y ago
Responses: 7
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I see this as a good thing. But, as long as there is a decent balance between the benefits received for a 15yr retirement vs 20. If you make the deal to sweet for 15 you'll run into retention issues, creating a loss in knowledge and experience the rest can learn from.
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LTC Joseph Gross
That is a very good point but I think it would work out simply because we always seem to have enough who want to serve forever. And I retire soon at 30....
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TSgt Joshua Copeland
LTC Joseph Gross, absolutely and those folks are balanced by the people that want to retire as soon as they are eligible.
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SSgt (Join to see)
This is true, normally the ones we want to stay are the ones that do. LTC Gross, I was stationed at Chievres from '05-'08 it was a great assignment. Hope you're enjoying it out there.
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TERA is merely a tool to manage the force, balancing end strength and meet fiscal challenges. There are other management tools designed to retain a high quality, high performing leaner force. If you look across all the service branches, there is a focus on performance versus longevity. I'll be blunt, the days of getting a "20 year" retirement are long gone, in my opinion only.
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TSgt Joshua Copeland
SSG (Join to see), I agree, they keep pushing that agenda, and getting the subsequent push back. This is something they can do right now to reduce the budget long term as well and having a overall "younger" higher performing force.
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Here is one selling point for service members: most Federal Law Enforcement jobs require a hire date prior to 37th birthday. With TERA, one could retire with 15 years, start drawing a pension based on that amount and start a new career! What a boon that would be to the Federal Law Enforcement community and what an awesome bonus to service members.
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