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Radical Overhaul of Military Retirement Reviewed
CBS Interactive Inc. 
Aug. 15, 2011 The proposal comes from an influential panel of military advisors called the Defense Business Board. Their plan, laid out in a 24-page presentation 'Modernizing the Military Retirement System,' would eliminate the familiar system under which anyone who serves 20 years is eligible for retirement at half their salary. Instead, they'd get a 401k-style plan with government contributions. They'd have to wait until normal retirement age. It would save $250 billion dollars over 20 years. MORE >> |
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