Retired Air Force Lieutenant Colonel: Military Pension Cuts Are ‘Chilling’

WRIGHT Retired Air Force ░░░░░░░░ Lieutenant Colonel Tony Carr ░░░░░░░░ it s good of ░░░░░░░░ to join us today ░░░░░░░░ I ve got to ░░░░░░░░ you what does this ░░░░░░░░ to you to see ░░░░░░░░ this kind of slashing ░░░░░░░░ the pension for military ░░░░░░░░ is going on CARR ░░░░░░░░ morning Kelly Thanks for ░░░░░░░░ me And I ll ░░░░░░░░ you in my contacts ░░░░░░░░ with people who are ░░░░░░░░ on active duty and ░░░░░░░░ the many contacts I ░░░░░░░░ among the retired community ░░░░░░░░ is a very chilling ░░░░░░░░ that promises have been ░░░░░░░░ to those who have ░░░░░░░░ off against our enemies ░░░░░░░░ done the business of ░░░░░░░░ country in securing it ░░░░░░░░ it the promises that ░░░░░░░░ been made to them ░░░░░░░░ become a little too ░░░░░░░░ in the rush to ░░░░░░░░ to make budgets make ░░░░░░░░ So it sends a ░░░░░░░░ concerning message throughout the ░░░░░░░░ and veteran community WRIGHT ░░░░░░░░ Colonel you mentioned how ░░░░░░░░ it was Let s ░░░░░░░░ people an example of ░░░░░░░░ what this does this ░░░░░░░░ bill It states that ░░░░░░░░ it means for vets ░░░░░░░░ retire at age 42 ░░░░░░░░ over the course of ░░░░░░░░ retirement they will suffer ░░░░░░░░ incur 72 000 loss ░░░░░░░░ benefits That is a ░░░░░░░░ ouch factor for military ░░░░░░░░ because they come into ░░░░░░░░ service as you know ░░░░░░░░ serve and to defend ░░░░░░░░ protect and defend our ░░░░░░░░ and yet some of ░░░░░░░░ financial freedom will be ░░░░░░░░ away CARR Absolutely That ░░░░░░░░ not a small amount ░░░░░░░░ money that s being ░░░░░░░░ here I think the ░░░░░░░░ of this provision those ░░░░░░░░ help push it through ░░░░░░░░ keep it in the ░░░░░░░░ and have it successfully ░░░░░░░░ in there would like ░░░░░░░░ minimize or in their ░░░░░░░░ try to minimize how ░░░░░░░░ money we re talking ░░░░░░░░ But to someone who ░░░░░░░░ in the United States ░░░░░░░░ at the age of ░░░░░░░░ and spends 20 years ░░░░░░░░ their country that is ░░░░░░░░ a large amount of ░░░░░░░░ That s enough to ░░░░░░░░ a big dent in ░░░░░░░░ college education for a ░░░░░░░░ It s enough to ░░░░░░░░ buy a home And ░░░░░░░░ have to remember that ░░░░░░░░ people who spend 20 ░░░░░░░░ more years out there ░░░░░░░░ their country don t ░░░░░░░░ have the same kind ░░░░░░░░ marketable skills that their ░░░░░░░░ who spent 20 years ░░░░░░░░ the private sector might ░░░░░░░░ They have an adaptation ░░░░░░░░ transition process to go ░░░░░░░░ when they get out ░░░░░░░░ You make a very ░░░░░░░░ point Senator John McCain ░░░░░░░░ over the course of ░░░░░░░░ lifetime especially a retirement ░░░░░░░░ for someone in the ░░░░░░░░ that would equate to ░░░░░░░░ 1 6 million roughly ░░░░░░░░ million over the course ░░░░░░░░ a lifetime However this ░░░░░░░░ t do any good ░░░░░░░░ those who are trying ░░░░░░░░ navigate these treacherous waters ░░░░░░░░ the uncertainty because of ░░░░░░░░ economy They ve got ░░░░░░░░ do the right thing ░░░░░░░░ many people said going ░░░░░░░░ this this was an ░░░░░░░░ But yet it s ░░░░░░░░ accident that s happened ░░░░░░░░ what should Congress be ░░░░░░░░ about it to correct ░░░░░░░░ CARR Well I think ░░░░░░░░ question whether or not ░░░░░░░░ was an accident but ░░░░░░░░ s probably a discussion ░░░░░░░░ another time I think ░░░░░░░░ might could be seen ░░░░░░░░ sort of a political ░░░░░░░░ to try to legitimize ░░░░░░░░ at military pensions and ░░░░░░░░ as a target for ░░░░░░░░ savings and that is ░░░░░░░░ very worrisome idea But ░░░░░░░░ the meantime Congress should ░░░░░░░░ wait to fix this ░░░░░░░░ s obvious that whatever ░░░░░░░░ intent was the military ░░░░░░░░ veteran community are upset ░░░░░░░░ it and I would ░░░░░░░░ that it would be ░░░░░░░░ soon.”