The military’s top reserve officers told Congress they have too many other issues to prioritize over duty status pay and benefits.
The Defense Department started to move this week into the implementation phase of the new military retirement system Congress ordered it to set up just over a year ago, including through an exhaustive education campaign designed to make sure service members understand how the new system works.
DoD presented a plan to lawmakers last month to consolidate 32 reserve duty statuses into just four. For years reservists received differing pay and benefits depending on which of the duty statuses their orders fell under, causing a bureaucratic mess and gaps in benefits.
As military financial literacy continues to fall, Suze Orman is stepping in to offer her services to troops.
The Federal Retirement Thrift Investment Board customer service effort ExPRESS will provide an “end-to-end view” of communications between the board and TSP participants.
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.
In their first round of congressional testimony, members of the Military Compensation and Retirement Modernization Commission cited glaring gaps between the policies and services provided by DoD and VA. Their report found that existing systems to bridge the gap are mostly a paperwork exercise.
Big changes to military health care are part of the recommendations to reshape military compensation. Last week, a blue-ribbon panel released its long-awaited report on modernizing the military compensation system. The report included those changes to health care. The recommendation to replace the current TRICARE system has gotten most of the attention, but the panel’s commissioners also see a major opportunity to sync up DoD and the Department of Veterans’ Affairs health care systems. Federal News Radio DoD Reporter Jared Serbu has the story.
The nine-member Military Compensation and Retirement Modernization Commission submitted 15 recommendations to bring effectiveness and efficiency, and that would protect, maintain and improve benefits for the service members.
Troops start the new year with a 1 percent pay raise. That’s a little less than the 1.8 percent raise they would have gotten automatically from the annual cost of living adjustment. A study on pay and benefits from the Military Compensation and Retirement Modernization Commission is due next month. Vice Adm. Norb Ryan is president of the Military Officers Association of America. He says some kind of reform is long overdue. He shared his Top 3 for 2015 on In Depth with Francis Rose. He says morale is still a top priority for the military, even with fewer commitments in Afghanistan.