What do you think about a 20% cut in your retirement pay?

2015-09-07T13:19:18-04:00

This doesn't affect me because I didn't do 20 years. However, it seems to affect a lot of my brothers and sisters on here who do get retirement pay and will be in the future. How does this impact you and what are your thoughts on this?

http://www.truthandaction.org/obama-signs-onto-20-military-retirement-pay-cut/

Response by SPC Private RallyPoint Member made Sep 7 at 2015 1:24 PM

2015-09-07T13:24:01-04:00

How much do those politicians value those balls!

Response by Sgt Aaron Kennedy, MS made Sep 7 at 2015 1:27 PM

2015-09-07T13:27:48-04:00

Can we get an actual "source" or "citation" for that?

Response by SPC Jan Allbright, M.Sc., R.S. made Sep 7 at 2015 1:44 PM

2015-09-07T13:44:56-04:00

Title should be changed to...
"The Senate Armed Services Committee votes to overhaul military retirement, to cut headquarters spending"

Response by LTC Stephen F. made Sep 7 at 2015 4:03 PM

2015-09-07T16:03:34-04:00

Usually when this type of legislation is passed it exempts currently serving military members and has an implementation date in the future.
If that is the case and the bill is not retroactive to those currently serving or worse yet to those drawing retirement pay then I think this change in retirement should give anybody considering to join the military and their parents to think twice and count the cost.
If this bill, if and when signed into law, is retroactive to those currently serving or worse yet to those drawing retirement pay then I think a public outcry would be a proper response.

Response by LCDR Private RallyPoint Member made Sep 7 at 2015 4:11 PM

2015-09-07T16:11:19-04:00

On my phone and the article won't load, so I'm commenting blind on this one... If they're taking 20% of my retirement pay, it pisses me off because that was not the agreement when I signed on. Will it hurt me? No, not really. It'll be a small drop in a large bucket. But that's my bucket, and I received a written promise. If they need to find revenue, close all the tax loopholes and stop subsidizing non-renewable energy companies.