The Issue: Supporting Retirement Recommendations of the Military Compensation and Retirement Modernization Commission
Immediate Action Required: Contact your representatives and senators immediately and ask them to support any House or Senate legislation that execute the retirement recommendations within the Military Compensation and Retirement Modernization Commission Report
More Information: NGAUS strongly supports the retirement recommendations within the Military Compensation and Retirement Modernization (MCRMC) report. These recommendations would bring about long-awaited compensation reform to the deserving majority of the force heretofore left out in the cold. We need your immediate help.
The fully-grandfathered compensation recommendations would disadvantage no one currently serving but would improve the welfare of an overwhelming 83 percent of the future force that historically does not serve long enough to receive a pension.
MCRMC’s recommendation would allow retiring members of the National Guard for the first time in nearly 70 years the option to receive a portion of their retirement pay after 20 years of service in a variety of ways depending on individual needs and requirements. Lowering the 60 year age restriction to collect retirement has historically been the highest personnel priority but heretofore unattainable goal for NGAUS.
The Commission’s incorporation of elements of both defined benefit and defined contribution plans provides short and long serving members a form of retirement. Along with the benefit pensions to continue for retirees with a 2 percent multiplier for years served, MCRMC also recommends allow incoming service members to enroll in a 401(K) thrift savings plan (TSP). The ability to contribute to TSP and be vested after 2 years will allow everyone in the military a retirement investment. NGAUS understands that the Commission has changed its recommendation to allow a 1 percent contribution to extend beyond 20 years of service and we support that amendment.
Current members of the National Guard would also have the ability to join in these historic changes in retirement benefits if they so choose.
Please contact your senators and representatives and urge them to support these retirement recommendations.
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