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Senate To Pass Bill That Would End Military Pension Cuts

President Obama Delivers State Of The Union Address At U.S. Capitol
Photo by Getty Images

WASHINGTON (AP) — The Senate is on track to clear a bill to reverse cuts to military pensions enacted just two months ago.

The measure restores the 1-percentage-point cut to annual the cost of living increase for working age retired service members that was part of December’s budget agreement. The bill passed the House yesterday and a Senate vote Wednesday afternoon would send it to the White House for President Barack Obama’s signature.

Military retirees are eligible to retire at half pay after 20 years of service and often do so in their early 40s and move on to a second career.

The pension cut was pressed by House Budget Committee Chairman Paul Ryan, a Wisconsin Republican. But it sparked political backlash in the influential military and veterans community.


Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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