Yep- here are the actual legislative proposals, which include:
1. Changing the retirement system to a TSP 5% matching, similar to federal employees.
2. reducing the retirement from 50% of retirement at 20 years, to a 40% at 20 years.
3. Reducing the MAX retirement from 75% of pay at 30 years, to 60% at 30 years.
4. A BUNCH of other cost saving measures, including cutting tuition assitantance for active duty people, to limit it to only those college courses directly related to their current military job specialty.
More:
http://mldc.whs.mil/public/docs/repo...s-FINAL-LO.pdf
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