Most in military are not confident of retirement pay

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Most in military are not confident of retirement pay

AP file photo
AP file photo
Just 34 percent of senior U.S. noncommissioned and commissioned officers making at least $50,000 per year said that they are very confident of their military retirement funding.

What: Just 34 percent of senior U.S. noncommissioned and commissioned officers making at least $50,000 per year said that they are very confident of their military retirement funding.

How: The congressional supercommittee’s failure to reduce the deficit could trigger $500 billion in Department of Defense spending cuts. And a high-level DOD panel is looking at switching the military retirement system to riskier 401(k) plans.

Why it’s outrageous: America’s military personnel have been serving repeated high-stress deployments in two wars for a decade. Gutting the retirement promises made to them would be shameful.

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URL: http://www.sfexaminer.com/opinion/daily-outrage/2011/11/most-military-are-not-confident-retirement-pay?category=44232