Pentagon Sends Retirement Plan Recommendations To Congress

The Defense Department released its official recommendation for changes to the military retirement benefits plan to Congress on Wednesday. After...

Pentagon Sends Retirement Plan Recommendations To Congress

The Defense Department released its official recommendation for changes to the military retirement benefits plan to Congress on Wednesday. After months of debate, the Pentagon is supporting a blended system that would reduce the size of the existing pension plan by 20%, but also offer matching contributions to individual retirement investment accounts.

These recommendations represent the first time that the military’s retirement plan would offer retirement benefits to the many service members who leave before reaching the 20-year mark required for the traditional pension.

James Clark

James Clarkis a senior reporter for Task & Purpose and a Marine veteran. He provides a mix of pop culture commentary and in-depth analysis of issues facing the military and veterans community. Contact the author here.