The White House Monday indicated its approval for a host of military benefits reforms that would overhaul the way military personnel are compensated for their service, according to news reports.
For months, Congress and a federal commission have considered more than a dozen proposals to reform the military’s traditional pension system and its medical system. Under the proposed reforms, the retirement system would more closely reflect a typical 401(k) retirement plan.
On Monday at Fort Drum, N.Y., Secretary of Defense Ashton Carter told soldiers there that the Pentagon “was looking very hard at blended retirement plans” which would allow soldiers who do not stay in the service the entire 20 years the ability to leave with retirement savings. Right now only military personnel who serve for 20 years receive full pension benefits.
According to reports, the White House will report what specific recommendations it will back by April 30.
