Veterans groups vow to fight cuts in military pensions

Veterans groups vow to fight cuts in military pensions

Fox News ^ | 23 Dec 13 | Fox news

Posted on Monday, December 23, 2013 10:13:42 AM by SkyPilot

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The Pentagon\’s top civilian says it\’s time to tame burgeoning military personnel costs, but he\’s facing a test of wills with the nation\’s powerful veterans groups, which want no cut in their benefits.

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Veterans groups are fighting curbs in annual pension increases for military retirees under age 62 that are part of the new budget deal passed by Congress last week and awaiting President Barack Obama\’s signature.

After a barrage of protests from the military community, lawmakers said they\’ll review the cut next year and possibly reverse it. But Defense Secretary Chuck Hagel said Thursday that reform of military compensation can\’t be avoided.

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\”We all know that we need to slow cost growth in military compensation,\” Hagel told a Pentagon press conference. \”We know that many proposals will be controversial and unpopular. … Tough decisions will have to be made.\”

Retirees want the belt-tightening done elsewhere.

Here\’s a look at what members of the U.S. armed forces get now and the debate:

(Excerpt) Read more at foxnews.com …

via Veterans groups vow to fight cuts in military pensions.

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57 Responses to Veterans groups vow to fight cuts in military pensions

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