Tag Archives: military pensions

We Could, and Should, Improve Retirement Benefits for Military Veterans

Alongside teachers and other state workers, the military is one of the few remaining occupations that still relies on a traditional pension–and their benefits are surprisingly inadequate for many of those who serve. In order to qualify for a pension, Armed Forces members must serve a minimum of 20 years. According to a recent report, only 34 percent of officers and 14 percent of enlisted personnel will stay long enough to qualify. The Department of Defense is now considering switching to a new model that would provide greater portability and enhanced benefits for the same costs.

Check out the full post here.