Obama To Cut Non-Union Military Pensions By 10%

2014-03-13T22:10:52-07:00March 13th, 2014|Categories: Retirement|Tags: , , , |

Barack Obama has been a staunch supporter of defined benefit pensions for government employees, but his administration is now working on a plan to convert at least part of military retiree pensions from defined benefit payments to 401(k)-style defined contribution accounts.  The obvious difference is that most public employees are unionized, but the military is not because their code of honor has no room for strikes and collective bargaining.  After our heroes fought with honor and distinction for 13 years in Iraq and [...]