30 Apr '16, 9am

The new military retirement system has major flaw, financial experts warn

The new military retirement system has major flaw, financial experts warn

Such a steep discount rate would be a bad deal for troops, Hallmark warned, appealing primarily to those who don’t understand what they risk losing or who face such financial hardship they simply don't have another choice. He also questioned the military compensation commission’s suggestion that different discount rates should apply to officers and enlisted troops, resulting in enlisted troops receiving far less money. The commission based that recommendation on studies suggesting enlisted troops would be more eager to take the cash up front and therefore won't require much convincing to take an option that, ultimately, would saves the government money.

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

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