retirement

Proposed Change to Military Retirement Could Be Popular

A 200+ page study performed by the RAND Corporation, a nonprofit policy think tank, shows that a sweeping overhaul of the military retirement system could be quite popular to many soldiers.

The plan most popular to soldiers, according to the RAND report, would give soldiers retiring with 20 or more years of service a one-time "transition pay" lump sum immediately upon separation. This payout would be around two to three years' basic pay, and in return the monthly "working-age retirement" (under 65) would be capped at a maximum of 25% of basic pay.

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Certified Retirement Counselor

Credential Issuer: 
International Foundation for Retirement Education
Promotion Points: 
No
College Credit: 
No
GI Bill Reimbursement: 
No
Exam Details: 
  • Written Exam

Big Changes Looming for Military Personnel

According to a speech earlier this week by Secretary of Defense Chuck Hagel, the military needs to prepare for some big changes, since meeting future security needs will “require significant change across every aspect of our defense enterprise.”

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Troops would delay retirement for a pay raise, report says

According to a recent report byTodd Harrison of the Center for Strategic and Budgetary Assessments, a majority of troops would rather have a small (as little as 1%) raise and push off retirement benefits to age 50.

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