This is quite radical, and I suspect the shit is about to hit the fan:
A sweeping new plan to overhaul the Pentagon’s retirement system would give some benefits to all troops and phase out the 20-year cliff vesting system that has defined military careers for generations.
In a massive change that could affect today’s troops, the plan calls for a corporate-style benefits program that would contribute money to troops’ retirement savings account rather than the promise of a future monthly pension, according to a new proposal from an influential Pentagon advisory board.
All troops would receive the yearly retirement contributions, regardless of whether they stay for 20 years. Those contributions might amount to about 16.5 percent of a member’s annual pay and would be deposited into a mandatory version of the Thrift Savings Plan, the military’s existing 401(k)-style account that now does not include government matching contributions.
I would be absolutely shocked if this goes anywhere, and it would not surprise me if someone isn’t making a pledge already for the GOP presidential candidates. They sure do want everything in 401k’s these days, though, don’t they. That way our Galtian overlords can rape and pillage your retirement with deregulation and silly stunts like trashing the country’s credit rating through default. Can you imagine the shitstorm that would have happened if all the military retirees had their pensions wiped out in the 2008 crash instead of receiving their current benefits? Yeehaw.