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Panel recommends scrapping current military pension system

from Government Executive

The generous pension system in place for military retirees with at least 20 years of service would be dismantled, in addition to several other compensation changes proposed by a nine-member panel that has studied the issue for the last year and a half. The highly anticipated recommendations from the congressionally mandated Military Compensation and Retirement Modernization Commission range from restructuring the military retirement benefits system to moving family members and some retirees out of TRICARE and onto health insurance plans in the private sector, similar to the menu of choices civilian federal employees have under the coverage. more

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