Budget Agreement Would Cut Retirement Benefits For Military

Posted on: 6:18 pm, December 17, 2013, by

capitol400

When we’re talking federal money, we’re talking big bucks.  But the changes for veterans don’t necessarily reach the same heights.

Right now vets get a cost of living adjustment. It keeps up with the Consumer Price Index, which roughly tracks inflation.

That’s usually a two-to-three percent increase.

The new bill lowers the raise by one percent.

However, when retirees reach 62 years old, their retirement payments catch right back up to where they would have been without the changes.

That’s why the folks at Still Serving Veterans believe younger retirees can handle the adjustment.

SSV Director Bill Koch predicts, “Right now people are up in arms about it.  If it passes, people will adjust to it, and that will be the end of that.”

After all, Kock notes that most retirees under 62 go ahead and get other jobs.

At Still Serving Veterans – it’s not about the specific numbers; it’s the fact that veterans have to carry the banner of sacrifice yet again.

Koch says, “It’s the principal of the thing.  Why do they keep going after the veterans, when the veterans have sacrificed so much?  It’s not a matter of the actual dollars and cents of it, because that amount is very small compared to my income.”

However, the budget agreement does manage to scrap some unpopular defense cuts included with sequestration.

Koch, a veteran himself, says he’s willing to stomach minute cuts to avoid more federal shenanigans, “If it’s going to help the defense of this country, then I’m all in, and most veterans are.”

Keeping federal dollars flowing for greater defense missions may coax veterans into accepting a tinge more personal sacrifice.

Koch notes, “There’s other countries in this world that are increasing their defense spending.  They’re building up their armed forces, and we’re attacking ours.”

The agreement in Congress could stem the tide on that front.

And Koch thinks the veterans affected will weather the storm just fine.

8 comments

  • why do they not cut their pay and benitits.,, congress and the senate. they never freeze theirs. if you cut congress and senate the same as military.

  • Paul Ryan and Patty Murray should be ashamed of themselves as well as those 12 republicans that voted for cloture on this garbage.

  • TC says:

    I just cannot believe there was not something else that could have been reduced. I know…foreign aid perhaps? I know people say foreign aid is just a drop in the bucket, but then that is how saving money starts, those drops add up over time. We should be taking care of our own long before we take care of others. It is literally like giving your neighbor food while your children starve.

  • Waymon says:

    Was the Veterans benefit not just an agreement between the two to cause a delay in getting the BIG issue resolved?

  • Bill says:

    The same old story. Let the Vets go without while some “FOLKS’ travel all over the globe on their vacations. Ground Air Force One. That would save a lot money.

  • benny johnson says:

    How much did we spend on free cell phones and other items that were given away that they didn’t work for, now we cut vet’s for this? I gave 33 years in the army for my benifits and now 70% disable with age 64, you want me to make adjustments. Most veterans get other jobs because retirement pay and benifits has to be subsidized now.

    • Don Dale says:

      Know exactly what you mean. I had a stroke in May ’06 yet I continued working until Dec ’10, I’ve worked all my life, still don’t know how to file for unemployment. But I know ppl that have sat on welfare for years, my wife finally got a tablet last year, we had to save for it, now the ppl on welfare went and got one for both kids, a smaller one for their youngest, a new laptop for her and another laptop for him! How bout buying some work boots?
      Why this gov’t is cutting veteran retirement benefits is wwwwwaaaaayyyyy beyond me! They really need to cut some of the welfare! After seeing everything they got on welfare, now I wonder why I busted my ass for 31yrs!

  • Tony says:

    I think the retirement from all three branches of the government, all civilian government retirement programs should be attached to military retirement. What ever cuts are made to my retirement should also be made by those passing this into law. My medical benefits have already been reduced to save money for the government.

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