President Obama said he supports a military commission that would decrease the existing military retirement pay about 20 percent.
Obama wrote to congressional leaders in a letter stating the proposals are “an important step forward in protecting the long-term viability of the all-volunteer force, improving quality-of-life for service members and their families, and ensuring the fiscal sustainability of the military compensation and retirement systems.”
A report by the Washington Times stated Obama is having his advisers improve some of the recommendations and that the White House will report to Congress on any changes by April 30. The commission will also offer a new defined-contribution benefit for troops who leave the military before 20 years of service has been completed. However, it will still offer full retirement benefits to those who served 20 years or more.
Officials from both parties questioned that the changes would be able to satisfy service members and simultaneously save money for the Treasury. If the new plan is implemented, the Defense Department will contribute up to 6 percent of basic pay into individual troops’ retirement savings accounts.
The additional 6 percent will go troops who serve more than two years, and it does not matter if they choose to leave before 20 years of service.
lets start with his retirement and health care and cut it based on how much he has done and deduct the coat of his vacations that the tax payer paid for. Ban obama