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Think tank recommends big benefits cuts
Capping pay raises, the report says, could save $16.5 billion over the next five years. Reducing retiree health care benefits, through a combination of restricting care and raising fees, could save $15 billion a year. Reforming military retired pay could save, in the short term, up to $13 billion a year, and over time could save up to $70 billion a year off the current plan.
Similarly, the report endorses many of the Defense Department’s proposals for cutting health care costs by raising fees, mostly on retirees and their families. But the report goes a step further: “To truly restore the Tricare program to stable financial footing, the Defense Department should enact measures to reduce the overutilization of medical services and limit double coverage of working-age military retirees,” the report says.
The report also recommends modifying military retirement benefits. For anyone currently in the military with fewer than 10 years of service, benefits could be cut: Instead of receiving 50 percent of basic pay after 20 years of service, with immediate benefits, the report says the benefits would be 40 percent of base pay with payments not beginning until age 60.
"A man good enough to shed his blood for his country, is good enough to receive a square deal afterwards . . ."
-- Theodore Roosevelt
"The willingness with which our young people are likely to serve in any war, no matter how justified, shall be directly proportional to how they perceive veterans of early wars were treated and appreciated by our nation."
- George Washington
Originally posted by Juggernog
Can you really justify a 700 billion dollar defense budget?
That is more than the rest of the worlds military budgets combined
Originally posted by Dreine
But knowing how our Congress thinks, they will go after the 'easiest' targets. The honest, hard-working, and loyal military man and woman.