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Monday, November 24, 2014 - 2:16pm

Changes to the military's retirement system delayed

Changes to the military's retirement system delayed
MGN-Online
News
Friday, March 7, 2014 - 7:54pm

Plans to overhaul the military's retirement system are being delayed.

According to the Army Times, Defense Secretary Chuck Hagel wants to wait until next year to make any significant changes, so that proposals released yesterday by the Department of Defense can be fully vetted.

The proposals being studied would preserve the current system's 20 year fixed income pension, but would ultimately provide smaller monthly checks.

Retirement reform is being looked at as a cost cutting measure in the military.

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