CBS News is reporting that a Pentagon study is suggesting that one budgetary fix that may help ease deficits is to move the starting date for military retirement pension payments back to normal retirement age. The report on CBS' webpage states, the "plan, laid out in a 24-page presentation "Modernizing the Military Retirement System," would eliminate the familiar system under which anyone who serves 20 years is eligible for retirement at half their salary. Instead, they'd get a 401k-style plan with government contributions."
I have not had the chance to review the Pentagon report yet. However, I wonder if they considered the impact on VA disability claims if they implement this suggested system. It seems likely that more long-term service members would be sure to report their service-connected medical conditions before they left service in an effort to collect VA service-connected compensation in the absence of their pension. Just wondering...
Copyright (c) 2010, 2011 by John V. Tucker and Tucker & Ludin, P.A. All rights reserved. For assistance with your Long Term Disability claim, ERISA Disability benefit claim, Social Security Disability claim, or Veterans Disability compensation or pension claim, call Tampa, Florida Disability Lawyer John Tucker at (866) 282-5260.
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