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Reserve Retirement Fairness Act
- Thread starter Python
- Start date
It's a nice idea, but given how money works in Congress, they'll likely want to look for savings elsewhere if they're going to approve this cost. I don't see anything proposed alongside and likewise don't see this advancing very far.
I say this half tongue in cheek and half seriously - find the savings by getting rid of the NRCs and doing a RIF of the TAR/FTS that add no value.
I say this half tongue in cheek and half seriously - find the savings by getting rid of the NRCs and doing a RIF of the TAR/FTS that add no value.
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It’s the cut off date that always kills me. I had four single year GWOT tours but only one (after 2008) applied to lower my retirement age. It sucks to be old but reminds me of this…
Congress proposes veterans fight to the death for expanded benefits
New “Veteran Highlander” program would let survivors absorb defeated veterans’ benefits
www.duffelblog.com
Sure, I'll bite. If they implement it fairly and simply (e.g. 20 qualifying years = retire at 60 - (AD time / adjustment factor)) and make it apply to all current and future retirees without any additional administrative burden, I'm in.
If it's "only applies to members who separate after July 4, 2032, or AD component members currently serving, and caveats X, Y and Z plus an additional thirteen application forms need to be filled out exactly correctly to prove the service we already know you did", then I don't care anymore.
Given that this would cost USG more money that isn't going to oligarchs, I doubt we'll ever see it happen.
If it's "only applies to members who separate after July 4, 2032, or AD component members currently serving, and caveats X, Y and Z plus an additional thirteen application forms need to be filled out exactly correctly to prove the service we already know you did", then I don't care anymore.
Given that this would cost USG more money that isn't going to oligarchs, I doubt we'll ever see it happen.
I've never understood why a reservist couldn't pull retirement pay until age 60 (or whatever age they "bought down" during the GWOT).
I know it won't happen because of the cost increase but I think people should be paid a pension immediately after 20 years based on their points calculations. You earned 17 years worth of points in your career that went over 20 calendar years? Thats 42.5% (or I guess 34% now) of your high 3. Thanks for your service.
I know it won't happen because of the cost increase but I think people should be paid a pension immediately after 20 years based on their points calculations. You earned 17 years worth of points in your career that went over 20 calendar years? Thats 42.5% (or I guess 34% now) of your high 3. Thanks for your service.
For those interested in tracking it, I'm guessing this is the bill in question:
There's also another bill that might stack with the above, allowing reserve retirees to start Tricare (actual retired Tricare Prime/Select, not the more expensive TRR) when they become eligible for non-regular retirement pay:
There's also another bill that might stack with the above, allowing reserve retirees to start Tricare (actual retired Tricare Prime/Select, not the more expensive TRR) when they become eligible for non-regular retirement pay:
Personally, I understand the delay in light of the government need to curb costs, as we're no longer putting in the same time commitment as the active component and are afforded the flexibility to pursue a civilian career; however, I do heartily agree with the bill's argument that it is only fair that reservists that had time from their active component years should be able to count that time toward early retirement, consistent with those that went directly to the reserves. But I'm not going to hold my breath, as much as it would benefit me.
Simply put, the vast majority of us don't do anywhere near as much as our active duty brethren while serving. In my 14 years in the reserves I did three active duty stints and quite a bit of drilling, training and exercises that got me to 42.6%* by the time I retired with just 13 years actually on active duty.
But in that time I only moved once by choice and was able to have a full civilian career (buying back my mil time for retirement to boot) with few of the downsides of an active duty career. So I get why we get our retirement when we do, and I am also lucky/happy that almost all my active duty time as a reservist was post-2008 and counts for closer retirement though I lost out on 90 days for my first due to the FY reset that wasn't fixed until after that.
*Your figure was awfully close to my actual one, I didn't realize my time was that close to 17 years active duty .
The flip side of that is all the unpaid "patriot time" outside of drill weekends and the sometimes exorbitant out of pocket travel costs and requirements as you get more senior. You may not have to move, but traveling regularly to remote US places or coast to coast each month because reasons is a sacrifice.
I feel your post has captured the one drill weekend a month (locally), two weeks AT a year, and an occasional ADSW/mob, without the additional BS the Reserve does not compensate for and that generates the majority of the pain points.
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There has been talk, and nothing but talk, of something similar to this for decades. With a $40 Trillion deficit and impending significant cuts to Social Security in the news, it will never happen. We are fortunate that inactive maximum points per year were increased twice (from 60 to 90, and then again from 90 to 130) and that the reduction in retirement pay from age 60 were put in place.