Congress is expected to vote this month on a budget legislation that would mean a cut to military retirement pay. The pension cut was signed Dec. 26 by President Obama.
According to the Washington Post, the cut is expected to save the government about $6 billion over 10 years, and it is set to be phased in over three years.
Several House and Senate lawmakers in both parties, responding to heavy lobbying from advocates for service members and veterans, already have introduced bills that would restore full cost-of-living, or COLA increases for military retirees of working age.
The budget legislation also requires newly hired civilian federal employees to contribute more to their pensions.
Click here to read the full article from the Washington Post.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com.
Please provide detailed information.
All comments must adhere to the WSAW.com discussion rules.