Opinion: Proposed Retirement Plan Bad For Troops

In the Marine Corps Times, Army Maj. Todd H. Bonham writes about why the military’s proposed retirement plan is fiscally … Continued

Opinion: Proposed Retirement Plan Bad For Troops

In the Marine Corps Times, Army Maj. Todd H. Bonham writes about why the military’s proposed retirement plan is fiscally detrimental for troops in the long run. The new retirement plan is a hybrid of the traditional military plan and civilian retirement pensions. The proposed legislation would allow service members to retire before 20 years, but would require them to pay into their plan.

“While this hybrid mix is not necessarily all bad, drawbacks exist. My long-term concern is that it sets the stage for further erosion of retirement benefits. Once the shift moves to a defined contribution type retirement plan, future reformation may continue to cut the security of the military pension… Changing the current retirement system for U.S. service members will have far more detrimental effects to the service member and will cost more than the current system.”

James Clark

James Clarkis the Deputy Editor of Task & Purpose and a Marine veteran. He oversees daily editorial operations, edits articles, and supports reporters so they can continue to write the impactful stories that matter to our audience. In terms of writing, James provides a mix of pop culture commentary and in-depth analysis of issues facing the military and veterans community. Contact the author here.

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