Officials reluctant to cut retirement

Military careerists have been spun up this month, unnecessarily in our view, by sensational headlines and news bulletins about a plan to “slash” their retirement, citing a “Pentagon study.” The study was done by the Defense Business Board, a group of independent business executives that advises the secretary of defense from time to time on […]

Survivor benefit often overlooked

By Tom Philpott: CNJ columnist The value of the military Survivor Benefit Plan has climbed sharply over the last three years as a steep drop in SBP annuities, which had hit surviving spouses at age 62, was phased down and then eliminated last April. SBP participation for newly minted retirees, however, has risen only modestly. […]