Cut to Military Pension Cost of Living Angers Some Veterans

Photo credit: PBS.org

Photo credit: PBS.org

Some younger veterans are viewing the budget deal that reduces the military pension cost-of-living adjustments as a betrayal according to the Washington Post.

The reduction in cost-of-living does not take effect until 2015, a year from now. However, reaction to the modest cut has been immediate.

After 25 years of service, including a combat tour in Afghanistan, Lt. Col. Stephen Preston retired from the Army and began collecting a pension of nearly $55,000 a year. The money made it possible for Preston to go back to college, get his MBA and embark on a second career in corporate strategy.

…“I’m not an angry man, but I was very, very angry,” Preston, 51, said in a telephone interview from his home in Tampa. “This is a pact between the greater population of the United States and the fraction of people who served and sacrificed. If you didn’t want to pay us what you promised us, then you probably shouldn’t have promised it.”

Among the veterans organizations calling for a repeal of the pension cut is Iraq and Afghanistan Veterans of America, IAVA.

“My family and I should not be penalized to subsidize the budget,” wrote Air Force Master Sergeant Brandon Bennett in a letter posted on the IAVA website.

The Post reports that Congress will consider restoring the 1 percent cut in the cost-of-living adjustment received by disabled veterans and families of those killed in action.

A special commission is expected to finalize its recommendations on a complete overhaul of the military pension system this May.

You can read the full Washington Post article here.

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One Response

  1. You have reason buddies, but not all is lost. Possibilities that cuts may be cut is present and we may ask this happen. Why cut on our pensions, forget our sacrifices and not remember substantially what we have made for others? We are angers and we will react democratically, but will react. This our message, is it not, buddies? claudio alpaca

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