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Military personnel rethinking retirement benefits

Proposed changes to the military retirement system have made many men and women in uniform rethink their government benefits. A

By Paula Aven Gladych | Updated on November 15, 2011

Proposed changes to the military retirement system have made many men and women in uniform rethink their government benefits.

A recent survey from the First Command Financial Behaviors Index revealed that one-quarter of middle class military families, those who make at least $50,000 a year and are not retired, are rethinking their government-offered retirement benefits in light of a proposal from the Defense Business Board to overhaul the Pentagon’s traditional retirement system. The potential change would phase out the traditional vesting system that provides lifetime income to retirees after 20 years of service.

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