Senators Look to Block Budget Deal’s Cut to Military Retirement
- By Jordain Carney National Journal 11:23 AM ET
Senators blocked a proposal to restore $6 billion in cuts to military retirees as part of the budget deal, but the issue will be back when the Senate reconvenes at the start of 2014.
The recently passed deal decreases the annual cost-of-living adjustment for working-age military retirees by 1 percent over 10 years. But the cut doesn’t begin taking effect until December 2015, and a handful of senators and outside groups are hoping that’s enough time to stop it.
Senate Armed Services Committee Chairman Carl Levin, D-Mich., moved early to undercut the provision. He said before the budget agreement was passed that panel members would review any changes next year. A specific timeline for such a review has yet to be announced, and Levin only offered that the review would happen before the cuts start. Continue reading “Senators Look to Block Budget Deal’s Cut to Military Retirement”