29 Jan '15, 6pm

Panel says shrink troops' retirement, start 401(k):

Panel says shrink troops' retirement, start 401(k):

According to the commission's calculations, the proposed retirement benefit's total value could be higher than the current system if service members contribute at least 3 percent of their basic pay and also their lump-sum 12-year continuation pay to their TSP account. The total value of the proposed package would be significantly lower for troops who chose not to invest portions of their basic pay and continuation pay.

Full article: http://www.militarytimes.com/story/military/benefits/pay/...

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