Marines to offer early retirement, with benefits

SASEBO NAVAL BASE, Japan — The Marine Corps soon will offer early retirement with benefits to some troops as part of force-shaping efforts aimed at cutting 20,000 jobs from the rolls over the next four years, Corps officials said this week.

Under the plan, expected to start this fall, Marines and officers with 15-20 years of service will be offered early retirement with benefits. It’s part of a larger Marine initiative that includes voluntary early discharges and the convening of a selective early retirement board for lieutenant colonels and colonels already eligible for 20-year retirement benefits, who have stagnated in their grade.

Some of the administrative directives could be released as early as next month, Marine spokeswoman Maj. Shawn Haney said Friday in an interview with Stars and Stripes.

The Corps is looking to trim 5,000 troops in fiscal 2013, and drop from 202,000 to 182,100 Marines by the end of fiscal 2016 as part of Defense Secretary Leon Panetta’s plan to streamline the military following a decade of wars.

(Excerpt) Read more at stripes.com …

via Marines to offer early retirement, with benefits.

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