Page 40 - Retirement Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Anyone who would like to answer it, did the commission find they the current lack of a Retirement Program similar to that, recommended by the commission, that that is having the absence of a plan like that, right now, is having an impact on recruiting and retention . Currently we dont have a retirement system in place in the military that provides any benefits for those who serve for less than 20 years. Is that impacting recruiting . Senator lee thank you for the question. When we looked, we took a very strategical approach to support an allvolunteer force for the future. And to design that we...

Much for the question. Wendy spent a lot of time talking about that very issue that you raised in your question, and as we thought through all the transition assistant kind of challenges that a Service Member faces when theyre transitioning out we took all of that into consideration, and im going to ask commissioner Chris Kearney to talk to the specifics of that. Thank you mr. Chairman. Once again, the colleague to my right, when we took into consideration retirement and we did know harm of one of the mandates given to us. The senator also mentioned something very important that we dont try to...

Its entirety. 2. 6 trillion is medicare, medicaid, Social Security and interest on the debt. Interest on the debt by the way is scheduled to approach 1 trillion within a tenyear period of time, within the budget window. All of that money we cant use for something else. So 3. 6 is the big number and 2. 6 is what we spent for the debt and right around a trillion for Everything Else. So when you think about the federal government and you think about roads and energy and education and National Defense and all of the kinds of things legislative branch and commerce, Everything Else except for medica...

That i think the point needs to be made here is if you look at where we are, for example, the president s budget which was just submitted, by 2021, what we are paying in interest will exceed the defense budget. As i look at the work that you have done on the Bipartisan Commission and we look at what the biggest drivers in our debt are overall, looking at the bigbudget, mandatory spending, programs that we need to have similar looks at medicare, Social Security, very important programs to people, i appreciate that you have done all this work. We are looking at our military stepping forward firs...

The undersecretary can do better justice than i can. There are classified and unclassified elements to it. I would say we are talking about pretty far down the road. Not as an alternative to the joint Strike Fighter but what follows the joint Strike Fighter i dont think there is a conflict between it. I was mr. Kendalls battle buddy. You know what he says. It is be on fighter aircraft. It is how to dominate in air combat. There is a whole list of things about driving and developing technology for 15 to 40 years down the future. If we dont do that today, we will not stay ahead of our potential ...