Defense Secretary Ashton Carter will propose a 401k-like retirement program for uniformed military personnel this week. USA today reports the goal is that everyone that leaves the military takes away a retirement fund, even if they don’t stay in 20 years. Todd Harrison is senior fellow for defense budget studies at the Center for Strategic and Budgetary Assessments. On In Depth with Francis Rose, he compared the idea to the work he’s done on compensation and the work the Military Compensation Commission did.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.