Friday, March 03, 2006

"Old Soldiers Stick Around"

Strategy Page reports that the U.S. Department of Defense now believes that older is better, at least when it comes to NCOs and officers. The Pentagon wants to encourage more military personnel to stay in uniform for up to 40 years. To that end, the Department of Defense is asking Congress to approve extending pay rate tables from 30 to 40 years. Currently, once you pass 30 years of service, you no longer get raises based on length of service. There is another proposal in play, that would change the current "half pay at 20 years and 75 percent pay at 30 years" retirement plan to add " 25 percent at ten years" and " 100 percent at 40 years". This would encourage younger troops to stay for ten (and then maybe go for 20 or 30), and make it more attractive for the most experienced troops to go for 40 years. "
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