Photo by Patrick Gordon

MANAMA, Bahrain — Servicemembers must choose soon whether to keep their retirement plans or enroll in a new plan that more closely resembles those available in the private sector.

Read More Show Less
DoD photo

The military has a retention problem, and Pentagon and branch officials are scrambling to come up with incentives to keep service members from separating or retiring. In order to try and stave off retirement among the most experienced senior enlisted service members, the Defense Department is looking at retirement benefits as incentives for recruitment and retention. It now wants to remove eligibility limits on the dollar-for-dollar contributions for made to enlisted troops’ 401(k) accounts under the new “blended retirement system.”

Read More Show Less
Flickr photo via JeffOnWire

In a surprising turn, the Department of Veteran Affairs — which took away nearly half a billion dollars in military separation pay from disabled veterans in a single five-year period — now tells Task & Purpose that it has no rationale for the practice and sees no reason why it couldn’t be changed by Congress.

Read More Show Less
© 2018 Hirepurpose. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service.