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






