President Obama put his signature on the two-year budget bill, which includes a argumentative provision to trim down annual cost of living increases in benefits for military retirees under age 62 in hopes to save the government money.
The change, provoking outrage among military and veteran groups, would reduce retirement benefits for working-age retirees. Starting Dec. 1, 2015, cost-of-living adjustments for pensions of people under 62 would be modified to equal inflation minus 1 percent., meaning a reduction of nearly $72,000 in benefits over a lifetime for a sergeant first class who retires at age 42 (this is an average estimate).
Ask Congress to cut their pension first before cutting our military’s pension. We should not take anything from our men and women fighting for our freedom!
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