Military Retired Pay Cuts
Dec 23, 2013 18:54:14 #
RetNavyCWO wrote:
By age 62, it will cost you tens of thousands of dollars (depending on how much your retired pay is and how old you are now, of course). 1% compounded DOES add up!
I agree that 1% could add up, depending on your retired rank. However, there are no guarantees that congress will always approve cost of living raises each year for retired or disabled veterans. You cannot compound the interest on pay that you would never receive in the first place
Dec 23, 2013 19:32:33 #
TeaPartyRon
Loc: Tennessee
Many thanks again 3jack and Merry Christmas to you and your family. I'll be spending mine alone lost my wife in September 2012 it's been a rough road and lonely.
3jack wrote:
I agree that 1% could add up, depending on your retired rank. However, there are no guarantees that congress will always approve cost of living raises each year for retired or disabled veterans. You cannot compound the interest on pay that you would never receive in the first place
Dec 23, 2013 20:12:51 #
TeaPartyRon wrote:
Many thanks again 3jack and Merry Christmas to you and your family. I'll be spending mine alone lost my wife in September 2012 it's been a rough road and lonely.
Got an idea for you Ron,
Three years ago, I got my family up and took them to a Veterans Hospital to visit and thank those who suffered more than myself.
It started one holiday and now it is every Veterans Day, Memorial Day, Thanksgiving, and Christmas. My family has a blast with those crusty Vets (I have to admit, there are SOME crustier than myself)
Maybe those wanting company or wanting to give thanks can visit your local Vets locations and spend time with brothers/sisters in arms.
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Dec 23, 2013 20:25:08 #
TeaPartyRon wrote:
Many thanks again 3jack and Merry Christmas to you and your family. I'll be spending mine alone lost my wife in September 2012 it's been a rough road and lonely.
Sorry to hear about your loss TPR. You too have a Merry Christmas, and if I don't get a chance to communicate with you before New Years, may the year 2014 bring some joy and much happines to you.
Dec 23, 2013 20:26:49 #
Wish I could delete these. When the connection goes, so goes the triplet submissions of the same message.
Dec 24, 2013 08:54:16 #
TeaPartyRon wrote:
I heard that 67 Senator's voted on a bill that would take 1% of all military retired pay. the majority of them were Democrats and about 6 or 7 Republican's can any one shed more light on this matter?? Why do they always pick on the military, social security and medicare, why don't congress take a 1 % pat cut since they make a lot more that above mention people???
It has a bigger impact, but I think you already knew that...
Dec 24, 2013 10:25:32 #
TeaPartyRon wrote:
I heard that 67 Senator's voted on a bill that would take 1% of all military retired pay. the majority of them were Democrats and about 6 or 7 Republican's can any one shed more light on this matter?? Why do they always pick on the military, social security and medicare, why don't congress take a 1 % pat cut since they make a lot more that above mention people???
It was part of the deal worked out by a Republican House member and a Democrat Senator to fund the government for the next two years and avoid a shutdown. Their thinking was that militray retirees under 62 can still get another job.
Dec 24, 2013 10:32:18 #
Dec 24, 2013 10:44:23 #
TeaPartyRon
Loc: Tennessee
Yes a big 1.5 % hope they didn't hurt themselves.
mike532 wrote:
I just received notice of a COLA increase starting Dec 1st . have you been notified yet ?
Dec 24, 2013 12:17:01 #
TeaPartyRon wrote:
2 or 3 percent it has been that way for at least ten years nowYes a big 1.5 % hope they didn't hurt themselves.
Dec 24, 2013 12:31:32 #
alex
Loc: michigan now imperial beach californa
mike532 wrote:
2 or 3 percent it has been that way for at least ten years now
but the libs keep telling us how great the economy is doing so why only 1.5%
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Dec 24, 2013 12:33:40 #
alex wrote:
because the conservatives in the congress disallowed most items from being considered when they figure the cost of living .but the libs keep telling us how great the economy is doing so why only 1.5%
Dec 24, 2013 12:35:50 #
alex
Loc: michigan now imperial beach californa
mike532 wrote:
because the conservatives in the congress disallowed most items from being considered when they figure the cost of living .
does all the twisting of facts make your head hurt?
Dec 24, 2013 12:39:38 #
alex wrote:
I am not sure but if I ever start distorting the facts and I get a head ache I will let you know .does all the twisting of facts make your head hurt?
Dec 25, 2013 03:54:21 #
I have read all of these lies, blaming President Obama for these cuts...Let me enlighten all of you Fox fed minded people...President Obama has not cut a damned thing...Congress controls the pay cuts, and always have, and then the bill goes to the senate. From there, if the bill passes In the senate, then it goes to President Obama to sign, or not sign.
But, all of that has changed now. If the congress decides to do stupid shit, like cut vet's pay, shut the government down, or whether to raise the debt ceiling, or not to raise the debt ceiling.
Because as anybody with a brain knows, that if stupid shit happens pertaining to money, check your Republican buddies.
Congress controls what gets paid, or not paid. That is why I can't understand why Republicans, try to accuse the President for our debt problems.
Wake up and smell the coffee!!
But, all of that has changed now. If the congress decides to do stupid shit, like cut vet's pay, shut the government down, or whether to raise the debt ceiling, or not to raise the debt ceiling.
Because as anybody with a brain knows, that if stupid shit happens pertaining to money, check your Republican buddies.
Congress controls what gets paid, or not paid. That is why I can't understand why Republicans, try to accuse the President for our debt problems.
Wake up and smell the coffee!!
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